Sarah Bradford explains why there will not always be a partnership for tax purposes where property is jointly owned.
The way in which income from letting properties which are jointly owned is taxed depends on whether a partnership exists and if not, whether the co-owners are spouses or civil partners.
It should be noted at the outset that merely owning property jointly does not in itself give rise to a partnership, and in most cases, the letting of a jointly-owned property will not constitute a partnership.
What then is a partnership, and when will one arise in relation to property
