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

By Marc Sevitz · Updated 21 January 2013

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

TaxTim Marc said:
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 said:
23 January 2013 at 9:03

Thanks for the speedy reply Tim!

TaxTim Marc said:
23 January 2013 at 16:28

Only a pleasure!