Hi about three years ago our financial instition whom provided the funds for our investment property insisted that my wife name goes on the documents. In order to get the funds we agreed. My wife and I have now split and we are looking to sell the investment property. We have agreed to split the proceeds 50% each which is no drama however the property is 10% in my (Ex) wifes name and 90% mine. I suspect the property will not sell until next finacial year. Could I be stuck with 90% of the capitol gains tax or is their a way i can sort this out 50%.
Appreciate comments
Appreciate comments