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My husband owns a private property. If i am included as tenant in common of lets say 10% and one day we divorced, how do i exit the property, by selling my 10% back to him? Does it mean he then have to pay my cpf for whatever i paid using my cpf?
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3 Answers

Hi, yes you are right. And there be other fees too like the stamp duty and legal.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi,

1) Legally you only own 10% of the property. That is to say, if property worth $1M, and when it sold. You only get $100k.
2) In the event of selling back to 90% owner, you have to return to CPF on the utilized CPF + accrued interest even though your share worth less than what was used. Because you are not supposed to pay more than your share.
i.e, you only suppose to pay 10% of what the property worth. Unless it is selling at a loss, and this is due to normal market conditions, the CPF board might agree to waive off the accrued interest or part of CPF used.
3) But if the transaction is between the homeowners and sell below market value, CPF will suspect there is foul play and might step in to investigate.

All in all, do note that you are not protected by any authority by owning less share but paying more. You have to take additional precautions in order to protect your interest if there is a worry.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

Yes if in the event the separation happens, and the court order requires one party to buy over, yes either party has to buy over the other party's share and refund the cpf utilized+accrued interest of the outgoing owner.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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