joint ownership

(redirected from Jointly Held Properties)
Also found in: Financial, Encyclopedia.
Related to Jointly Held Properties: Jointly Owned Property
Translations

joint ownership

ncomproprietà
References in periodicals archive ?
For jointly held properties all of the owners must dispose of their interest in the property to the charity at the same time if any of them are to claim tax relief.
However, in the case of a married couple, all jointly held properties are deemed to be held 50:50 for income tax purposes unless you advise the Inland Revenue otherwise and ask it to allocate the income in proportion to the legal ownership (which you don't).
Also, for jointly held properties all of the owners must dispose of their interest in the property to the charity at the same time if any of them are to claim relief.