Section 45: Joint transfer for consideration
Transfer of Property Act • Official Statutory Text & Practice Guide
Statutory Regulation
Legal Standard
Competent Court / Tribunal
Act 1882
Transfer of Property Act • Official Statutory Text & Practice Guide
Legal Commentary & Landmark Judgments: Section 45
Section 45 governs joint transfers for consideration, establishing the statutory presumption that co-purchasers acquire shares in proportion to the consideration paid by each from separate funds, or equal shares if from common funds.
In joint purchase deeds (e.g., spouses, business partners), always specify the exact percentage share of each co-purchaser (e.g., 60% and 40%) in the recitals to displace the default Section 45 contribution presumption.