Asked by Anonymous
Dear Guru, If an estranged couple do a property transfer of their condo (as part of their divorce) and it is 18 months before the property TOP and 2 years after the purchase date, will the value of the property be taken as
a) the original purchase price value as TOP has not yet happened? (Seller will get back exactly what they paid for it originally) or
b) the current market value as there have been price increases by the developer? (the seller may get back more or even less than what they paid originally) This is assuming that both have a 50% share of the property before transfer.. Thanks!
a) the original purchase price value as TOP has not yet happened? (Seller will get back exactly what they paid for it originally) or
b) the current market value as there have been price increases by the developer? (the seller may get back more or even less than what they paid originally) This is assuming that both have a 50% share of the property before transfer.. Thanks!
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