16 Dec 2021
BRADFORD v TE HEI [2021] NZHC 3485
- Citation
- [2021] NZFLR 649
- Court
- High Court
Court held s14A requirements met and ordered division according to overall contributions assessed on a broad‑brush basis: the property equity is to be valued at the hearing date and apportioned 60% to Bradford and 40% to Te Hei; mortgage liability and assumption of mortgage count as contributions but not necessarily as an automatic half of the advance; post‑separation payments and notional rent result in a specific credit to applicant (net $6,134) and respondent must account for agreed credit card debt ($5,150) in the shares and the applicant was given a limited option to purchase the respond…