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Statement of assets when married out of community, but with 50/50 primary residence

Posted 21 January 2013 under Tax Q&A

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Interested in how to represent the primary residence assets amount on the ITR12, statement of local assets and liabilities, if:

Married out of community of property, with accrual
Purchased a house with the wife 50/50, therefore in both our names

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.

TaxTim TaxTim says:
22 January 2013 at 11:43

You would include the portion that belongs to you, so the 50% split for the residence as this would represent your asset if, in the unfortunate event, something would happen to you.

Ian says:
23 January 2013 at 9:03

Thanks for the speedy reply Tim!

TaxTim TaxTim says:
23 January 2013 at 16:28

Only a pleasure!


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