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Generally, this process is quite simple. Once the sale takes place, the solicitor will clear of any charges, loans or arrears on the property and when the balance is cleared, they can either send the money into either yours or your wives account for you to split yourselves, or provided you send both sets of bank statements (yours and your wives), they can send a designated amount into each account.
it is also worth noting to see if the Transfer document listed the shareholding as a specific %, so for example, if it stated you owning 40% and your wife 60%, then you will only receive 40% of that amount as it will be a declaration of trust.
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Yes most certainly, in that case the split will be 50% each.
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