Saturday, 7 June 2014

I supplied the deposit for our first home with separate property. How do I declare that on Fl160 Separate Property Declaration?

Question

I supplied the deposit for our first home with separate property. How do I declare that on Fl160 Separate Property Declaration?



Answer

You don't. It is quasi-community property or community property with a reimbursement claim. Either way it goes on the community property declaration.



Answer

I agree with Mr. McCormick. It sounds as though you have contributed separate property for the acquisition of a community property asset. You will need to make a reimbursement claim, not identify it as separate property.



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