Law of Property Act 1925: Primary legislation that defines legal estates and interests in land, establishes rules for co-ownership, and regulates property rights and transfers
Trusts of Land and Appointment of Trustees Act 1996 (TOLATA): Governs trusts of land, regulates rights and duties of co-owners, and provides framework for dispute resolution between property co-owners
Land Registration Act 2002: Sets out requirements for registering interests in land and provides provisions about legal titles and beneficial interests
Contracts (Rights of Third Parties) Act 1999: Relevant for including or excluding third-party rights in property sharing agreements
Consumer Rights Act 2015: Applicable if any party to the property sharing agreement is acting as a consumer
Housing Act 2004: Relevant if the shared property is to be let or licensed to other parties
Common Law Contract Principles: Fundamental principles of contract law that govern formation and enforcement of property sharing agreements
Constructive and Resulting Trusts: Common law principles regarding implied trusts that may arise in property sharing situations
Equity Principles: Legal principles ensuring fairness and justice in property ownership and sharing arrangements
Stamp Duty Land Tax Regulations: Tax considerations for property transactions and shared ownership arrangements
Capital Gains Tax Legislation: Tax implications for future sale or transfer of shared property interests
Income Tax Regulations: Tax considerations if the shared property generates rental income
