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Signing the deeds over
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Section B just lists both our names and the address so it seems that we are joint tenants.
Thank you LateStarter. Do you think it's possible to create my own Declaration of Trust using a template? Or do I have to part with £600......Starting balance £173,000 (Sept 2012) interest only so if we do nothing We will owe this at the end of the term😁😁
Balance as of Sept 2014 £165,803
Balance as of Feb 2015 £163,360
Balance end of July 2015 £159,050
Balance as of Jan 2017.... £138,033:j0 -
as you (appear) to be JT you will need to convert to TIC before you can do anything about declaring unequal shares of the rental income and profit.Section B just lists both our names and the address so it seems that we are joint tenants.
Thank you LateStarter. Do you think it's possible to create my own Declaration of Trust using a template? Or do I have to part with £600......
there are various guides on .Gov and the Land Registry website that explain how to DIY JT>TIC
https://www.gov.uk/joint-property-ownership/change-from-joint-tenants-to-tenants-in-common
be very careful to stay on the . GOV website for the land registry !!!!! There are lots of near same name websites that charge commercial prices!
https://www.gov.uk/government/organisations/land-registry
once you are TIC only then can you do a Form 17 and yes a declaration of trust must be in writing , you can research its wording online
https://www.gov.uk/government/publications/income-tax-declaration-of-beneficial-interests-in-joint-property-and-income-17
i am not recommending this one as it will charge you! It is simply my first google result, but this may give you a starter for a DoT
https://www.gov.uk/government/publications/income-tax-declaration-of-beneficial-interests-in-joint-property-and-income-170
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