Child Maintenance

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  • #50753 Report

    mammabear
    Participant

    Hi, does anyone know what percentage of rental income is taken into account towards maintenance payments?. I’m just wondering if it’s worth asking CMA to look at it because if it’s not a big difference to the earned income through HMRC, I may just have to leave it because the ex and I are on bad terms already and I don’t want to rock the boat further.
    Thanks 😊

    #50756 Report

    steve3334
    Participant

    hi,

    have been reading about it elsewhere. rental income is taken into account if its above £2500 per year. one paying parent mentioned CMS took 12% of his rental income. assuming he is paying maintenance for 1 child.

    #50757 Report

    mammabear
    Participant

    Thanks steve3334

    I’m  guessing this would be after any expenses he’s deducted for maintenance of the rental house?

    #50758 Report

    steve3334
    Participant

    this is info I found:

     

    The first category is income from land or property – this includes property abroad. Typically, this is rent (see Part 3 of  Income Tax (Trading and Other Income) Act 2005. If a NRP is receiving rental income there are a couple of things to remember. First, as with tax, when calculating unearned income the CMS first remove the costs incurred running the property – such as maintenance and furniture. Second, if a NRP rents a room in their primary residence, he has a lodger, the first £7,500 is not taxable and would not fall within the CMS assessment.</span>

     

    https://classlegal.com/news/challenging-a-nil-assessment-by-the-child-maintenance-service-part-two

    • This reply was modified 1 month, 2 weeks ago by steve3334.
    #50760 Report

    mammabear
    Participant

    @steve3334 very helpful info. Thank you for sending on

Viewing 5 posts - 1 through 5 (of 5 total)

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