{"data":{"id":"us-ky/krs-140.050","jurisdiction":"us-ky","citation":"KRS 140.050","heading":"Taxation of surviving owner of a joint interest.","body":"Whenever any real or personal property is held jointly in the names of two (2) or more\npersons, or as tenants by the entirety, or is deposited in banks or other depositories jointly\nin the names of two (2) or more persons and is payable to either or to the  survivor upon\nthe death of the other, the right of the surviving tenant by the entirety or the surviving\njoint tenant or joint depositor to the immediate ownership or possession and enjoyment of\nthe property shall be deemed a transfer of one -half (1/2) or other proper fraction thereof,\ntaxable under the provisions of this chapter in the same manner as though the part of the\nproperty to which the transfer relates belonged to the tenants by the entirety, joint tenants\nor joint depositors as tenants in common , and had been bequeathed or devised to the\nsurviving tenant by the entirety, joint tenant or joint depositor by the deceased tenant by\nthe entirety, joint tenant or joint depositor.","path":["KRS Chapter 140"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=28977","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:33Z","sha256":"13292815fe5115b5053257efe35bf3570b101ab30a3aaf2c0b885c8c90984457","source_id":"us-ky","stale":false,"prev":"us-ky/krs-140.040","next":"us-ky/krs-140.055"},"notice":"GroundRules: Original legal text. Not legal advice."}