Land ownership by multiple people

daeum_tnaot · Post by **daeum_tnaot** » Wed Mar 30, 2022 10:48 pm

Hello all,

A question for all of you: Can more than one person be named as an owner of land on a land title? According to https://www.refworld.org/docid/3ae6b567c.html this version of the land law, there is a such thing as a co-ownership.

I'm not asking about husband and wife, as it is commonly assumed that they own land together, but am asking about whether several different family members (with relations other than marital) can co-own land on a hard title.

Thanks in advance for any knowledge you may have!

PSD-Kiwi · Post by **PSD-Kiwi** » Wed Mar 30, 2022 11:09 pm

Yes it is possible. My Wife and her siblings jointly purchased their deceased parents' property, all of their names (10) are included on the hard title as owners. It has the potential to cause rifts in the family though.

atst · Post by **atst** » Thu Mar 31, 2022 8:40 am

PSD-Kiwi wrote: ↑Wed Mar 30, 2022 11:09 pm Yes it is possible. My Wife and her siblings jointly purchased their deceased parents' property, all of their names (10) are included on the hard title as owners. It has the potential to cause rifts in the family though.

Can imagine that happening very easy it's bad enough with only two siblings

daeum_tnaot · Post by **daeum_tnaot** » Thu Mar 31, 2022 10:32 am

PSD-Kiwi wrote: ↑Wed Mar 30, 2022 11:09 pm Yes it is possible. My Wife and her siblings jointly purchased their deceased parents' property, all of their names (10) are included on the hard title as owners. It has the potential to cause rifts in the family though.

Hi, thanks, that's a similar kind of situation to what we are dealing with. There are three family members that are supposed to be owners of the same land, but currently only one of their names is on the title, even though it was supposed to be co-owned since the age of majority.

Given that there was never meant to be a land purchase involved, but just a shared ownership, do you think there will still have to be some tax payment?

atst · Post by **atst** » Thu Mar 31, 2022 11:08 am

If they are going to get thier name on the title I'd presume tax is payable.
Here is a lawyer you could contact about this but maybe not worth the $$.

daeum_tnaot · Post by **daeum_tnaot** » Thu Mar 31, 2022 7:25 pm

atst wrote: ↑Thu Mar 31, 2022 11:08 am If they are going to get thier name on the title I'd presume tax is payable.
Here is a lawyer you could contact about this but maybe not worth the $$.

Hi Atst, there is no lawyer in your message, but feel free to PM me also. But I also don't think a lawyer is needed as it can be handled by the district land office.

Maybe they can transfer it for a nominal fee, like $1, and pay the tax on that?

atst · Post by **atst** » Fri Apr 01, 2022 8:42 pm

daeum_tnaot wrote: ↑Thu Mar 31, 2022 7:25 pm
atst wrote: ↑Thu Mar 31, 2022 11:08 am If they are going to get thier name on the title I'd presume tax is payable.
Here is a lawyer you could contact about this but maybe not worth the $$.

Hi Atst, there is no lawyer in your message, but feel free to PM me also. But I also don't think a lawyer is needed as it can be handled by the district land office.

Maybe they can transfer it for a nominal fee, like $1, and pay the tax on that?

It was a few years ago and that number was in my contacts for him?

daeum_tnaot · Post by **daeum_tnaot** » Fri Apr 08, 2022 12:44 pm

Hi Atst, thanks... for some reason I am not seeing a lot of the photos posted on this board. It just shows up as a little broken photo icon. Anyway, I will pm you if a lawyer is needed.

Land ownership by multiple people

Land ownership by multiple people

Re: Land ownership by multiple people

Re: Land ownership by multiple people

Re: Land ownership by multiple people

Re: Land ownership by multiple people

Re: Land ownership by multiple people

Re: Land ownership by multiple people

Re: Land ownership by multiple people

Who is online

Register/Login to CEO with your Social Media Account: