Say she transfers her share to you based on $380,000 val.

CGT will be approx:
$380,000 – $130,000 = $250,000
Less stamp duty and other costs when purchased and selling costs, say $10,000
= $240,000 gain

On this you get the 50% discount because it has been held more than 12 months = $120,000

But you are only transferring half, so her capital gain will be approx $60,000.

This $60,000 goes on to her other income and she pays tax at that rate.

Other cost = legals on sale and purchase, say $2,000.
Loan exit fees and entry fees
stamp duty

Contracts entered into by a person who later dies would still be valid – the executor or trustee of the state would be bound by them. Generally.

I would ask her to write down what she wants or expects and you do the same and then compare. You might be able to narrow it down to a few assets that way. Then you can start negotiating on the remainder.

hi

There are many things considered in family law matters. There is the divorce itself – which is pretty simple and then there is the custody of children, spousal support, child support, property settlements etc. All would vary depending on the situation.

I think you will find that the money from the property would be an asset of the marriage. You may not have purchased the property, but did contribute to it with labour, maybe you worked and this allowed your wife the time to spend on the property, maybe you even paid for some of the improvements. So I would say you have a claim on the money, no matter whose account it is in.

To work things out you just need to sit down and try to divide everything up. maybe via email would be good as they can't hear you call them names. Just try to keep the lawyers out or you may end up with huge fees and not get anymore than you would have initially.

Another option is to just give her what she wants and save years of argument and stress. You time could be better spent chasing girls.

When you say off the plan, do you mean the construction has finished?

If not how far off is it?

Credit unions are generally good with personal loans. You get more personalised service too.

Even though you may be spending all your income it may still be possible to qualify for the banks loan servicing so it may be possible to purchase something if you have equity. You would just need to borrow a bit extra for emergencies or any shortfalls.

Not sure how you would take a loan out for the work after it is finished – unless you are paying someone to do them???
 

Bit of a pipe dream i am afraid. Without an income how could you repay a loan?

Maybe you could get a job for a short time, get a loan and then resign and hope you can keep the property rented.

I wouldn't be using a NAB broker but a normal broker. But since you have already applied it won't be easy to switch. Maybe talk to the NAB manager