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‘Decoupling’ to avoid ABSD: Couples who hold properties separately can face problems during divorce
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If the properties are under one spouse’s name, the other partner will have a hard time proving that he or she also has a share in them.
PHOTO: PIXABAY
Couples who buy properties and then hold them separately usually just look at the key benefit – saving on additional buyer’s stamp duty (ABSD).
But there are big risks with such a strategy, especially if a marriage breaks down and the spouses have to split their assets.
