Jointly Held Assets - Key Issues for Private Client Professionals

Introduction

Property is often held by more than one party. Whether this is by friends, family, a spouse, or unmarried partner, there are legal and tax issues to consider.

Who owns what share of the asset? What are the relevant valuation principles? How is an acquisition or disposal of a jointly held asset treated?

This new virtual classroom seminar will guide you through the legal and practical issues that will be important to jointly owned assets, looking at capital gains tax, inheritance tax, income tax, and stamp duty land tax.

Throughout the session, there will be interactive quizzes and case study exercises to reinforce your learning.

What You Will Learn

This live and interactive course will cover the following:

• When joint ownership arises
• How each person's share can be determined
• Joint ownership agreements
• Tax issues on the acquisition and disposal of joint assets
• Gifts of joint assets, and transfers to connected persons
• Valuation issues
• Asset swaps
• Issues concerning separation and divorce
• Registration of joint ownership arrangements under TRS

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.