Deemed ownership in income tax law extends ownership beyond title to spouse transfers, possession, and long-term property rights. Deemed ownership under income-tax law extends the term owner beyond strict legal title to cover transfers without adequate consideration to a spouse or minor child, holders of impartible estates, allottees in co-operative or similar housing schemes, persons in possession under part performance, and persons acquiring long-term rights in property. The concept is context-sensitive and may also include beneficial entitlement, control, or receipt of income in one's own right. The material further distinguishes deemed ownership from clubbing provisions in certain cash-transfer situations.