How to get your share out of joint property

Published on by 7bighagroup

Tax consultants often advise couples to take a joint loan to buy a property so that both spouses can avail of the tax benefits on the loan. It's also common for siblings to pool in resources to purchase a property they could not have bought on their own. In both circumstances, the joint-ownership translates into benefits for the owners.

But joint-ownership of property is a double edged sword. It can lead to legal and financial complications if the co-owners decide to split. Unlike a financial asset, it is not easy to split a built up property in a way that it satisfies all the affected parties. If the property is mortgaged, it adds another twist in the tale. allows Property listings all across the India. Just register YourSelf and List Properties all Across the India Absolutely Free and Recieve Genuine Clients for Your Property.

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Published on India Real Estate News

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