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UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Law
Satisfied Customers: 4312
Experience:  English solicitor with over 12 years experience
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Some years ago my wife and I changed our status in respect

Resolved Question:

Some years ago my wife and I changed our status in respect of our house from 'joint tenants' to 'tenants in common'. This was for Inheritance Tax purposes. Given changed circumstances, eg new tax thresholds, we wish to revert to a joint tenancy basis. Would you advise the steps to be taken and whether we, as private individuals, can undertake the work ourselves? Many thanks. Philip Gibbins
Submitted: 3 years ago.
Category: Law
Expert:  UKSolicitorJA replied 3 years ago.
Hello,

You will need to enter into a new Trust Deed with your wife setting out the intention that the property should now be held as a joint tenancy and not a tenancy in common.

You need to check your title to see if it contains a Form A restriction registered against ot at the Land Registry. If yes, then you need to apply on form RX3 to lift this restriction. The form RX3 must be signed by you and your wife and sent to the Land Registry with a certified copy of the Trust Deed mentioend above.

Whilst you may do it yourselves, I would suggest that you use a solicitor as the Trust Deed needs to be drafted in a proper way and include various matters such as ownership, beneficial ownership, mortgage etc.

Hope this helps

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