It is unfortunate that i am getting a divorce with mutul consent.
I am businessman and i own a property which i have sell to pay my one time alimony and there is one more apartment which is owned by my wife. So as per our agreement i have to sell the house i own and she can transfer the apartment which is in her name to me as she does not want it.
So my question to you is that " Can i adjust part of my alimony payment to her for transfering that apartment to my name angainst capital gains amount for house i will sell to pay alimony?" I intend adjust only cost i bought that apartment in her name more then 3 yers ago. Is this possible? OR what should be best way settle this matter? Sell both properties? She gets part by selling apartment and part by house i sell? I just want to keep that small apartment for me to live. But i can agree to sell if its better for taxation purposes.
Plese help me get over this messy sitution?