Anyone know how are the nett sales proceeds of a flat distributed during a Divorce? Is it a 50-50 ratio or based on how much each party contributed?
For example, if flat valuation is 200K, and there is a 100K loan, hubby cpf+cash contribution is 20K, and wife cpf+cash contribution is 10K, is the profit of 70K distributed 35K-35K, or based on the 2 to 1 ratio of hubby and wife contribution?
For example, if flat valuation is 200K, and there is a 100K loan, hubby cpf+cash contribution is 20K, and wife cpf+cash contribution is 10K, is the profit of 70K distributed 35K-35K, or based on the 2 to 1 ratio of hubby and wife contribution?