S Slim Registered User Messages 2,759 19 Oct 2017 #1 My wife and her 2 sisters wish to open a joint account to save a little for a family purpose. Are there any obstacles to them opening a joint account with a main bank? Thanks, Slim.
My wife and her 2 sisters wish to open a joint account to save a little for a family purpose. Are there any obstacles to them opening a joint account with a main bank? Thanks, Slim.
J jpd Registered User Messages 4,205 19 Oct 2017 #2 No, but they might like to think about how the account is opened Joint tenants or Tenants in common see here https://www.revenue.ie/en/tax-profe...ains-tax-corporation-tax/part-19/19-03-07.pdf for a good explanation
No, but they might like to think about how the account is opened Joint tenants or Tenants in common see here https://www.revenue.ie/en/tax-profe...ains-tax-corporation-tax/part-19/19-03-07.pdf for a good explanation
S Slim Registered User Messages 2,759 19 Oct 2017 #3 jpd said: No, but they might like to think about how the account is opened Joint tenants or Tenants in common see here https://www.revenue.ie/en/tax-profe...ains-tax-corporation-tax/part-19/19-03-07.pdf for a good explanation Click to expand... Thanks. That's useful. Can the distinction be specified at the time of opening the account?
jpd said: No, but they might like to think about how the account is opened Joint tenants or Tenants in common see here https://www.revenue.ie/en/tax-profe...ains-tax-corporation-tax/part-19/19-03-07.pdf for a good explanation Click to expand... Thanks. That's useful. Can the distinction be specified at the time of opening the account?
J jpd Registered User Messages 4,205 19 Oct 2017 #4 Yes, but you need to ask - by default I think joint accounts are setup as held as Joint Tenants.