My mother is a sole owner of a locker in a bank. She wants me to be added as a joint owner (2nd holder) of the locker. The intent here is she will continue to operate the locker independently.
My question is:
1. If I am added as a joint owner, will it have any tax implications for me?
2. If she adds me as a nominee, will be it better?
Thanks in advance. Look forward to your reply.