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Co-owners' Home Loan Tax Share Declaration

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  1. The co-owners and their shares
  2. The house and the loan
  3. How you will share the benefit

Step 1 of 3

The co-owners and their shares

For example: Harpreet Singh

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For example: 50

For example: Gurleen Kaur

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For example: 50

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DECLARATION OF CO-OWNERS' SHARES FOR HOME LOAN TAX BENEFIT

We, the undersigned co-owners of the house described below, declare as follows:

  1. 2. That our shares of ownership are: __________, __________ per cent; __________, __________ per cent; and these shares together make up the whole of the property.
  1. 6. That each of us will obtain from the lender the certificate of interest and principal for the year, and will keep our records of payment, to show the lender, an employer or the tax authorities when asked.
  1. 7. That this declaration records how we share the tax position among ourselves. It does not change our shares of ownership in the property or our liability to the lender, which remain as stated in the title deed and the loan agreement.

SIGNATURE

 
 
______________________________
Signature
Co-owner: __________
Place: ____________________
Date: ____________________

 
 
______________________________
Signature
Co-owner: __________
Place: ____________________
Date: ____________________

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