Asked by pearl gwiyomi
Hi can anyone help me to explain about CPF ruling, if possible can show me the example of calculation.
Court Order
Defendant CPF Account To Transfer From
Amount To Transfer
62%of the total amount refunded to both parties Cpf Account pursuant to the sale of the matrimonial flat, " LESS" the amount refunded to the Plaintiff CPF account.
This is what am trying to understand the cpf calculation e.g
Defendant CPF using for flat include interest is: $80,000 + OA $12,000 = $92,000
Plaintiffs Cpf using for flat include interest is $102,000 + OA $95,000 = $197,000
Total Cpf used for the Flat is $182,000 without add on the both OA.
If only by Cpf return without OA
$80,000+$102,000=$182,000
62% $182,000 = $112,840
112,840 -$102,000 (plaintiff)= $10,840
112,840 - 80,000 (defendant) $32,840
If included the Both OA and cpf return
$197,000 + $92,000 =$289,000
62% of $289,000= $179,180
$179,180 - $197,000 ( plaintiff)= $17,820
$179,180 - $92,000 ( Defendant) $87,180
The confusing part is How much Does The Plaintiff should receive from Defendant??
Please explain.
Court Order
Defendant CPF Account To Transfer From
Amount To Transfer
62%of the total amount refunded to both parties Cpf Account pursuant to the sale of the matrimonial flat, " LESS" the amount refunded to the Plaintiff CPF account.
This is what am trying to understand the cpf calculation e.g
Defendant CPF using for flat include interest is: $80,000 + OA $12,000 = $92,000
Plaintiffs Cpf using for flat include interest is $102,000 + OA $95,000 = $197,000
Total Cpf used for the Flat is $182,000 without add on the both OA.
If only by Cpf return without OA
$80,000+$102,000=$182,000
62% $182,000 = $112,840
112,840 -$102,000 (plaintiff)= $10,840
112,840 - 80,000 (defendant) $32,840
If included the Both OA and cpf return
$197,000 + $92,000 =$289,000
62% of $289,000= $179,180
$179,180 - $197,000 ( plaintiff)= $17,820
$179,180 - $92,000 ( Defendant) $87,180
The confusing part is How much Does The Plaintiff should receive from Defendant??
Please explain.
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