No is the simple answer. All that a tenancy in common does is define how the joint owners own the house or land – ie in separate shares, the size of which they will have defined. However, the brief further answer is that if you do own as tenants in common then you can, for example, gift a share of land on the first death of a couple to someone other than the survivor. Whilst a grossly oversimplified example of the reality of tax planning, this points to a broad topic under which inheritance tax savings can sometimes be made. Tax planning is an extremely complex area, and the gifting a property is in any event a significant step. You should therefore seek independent legal advice should you be contemplating this course of action.