The UK's largest and most visited divorce site.
Modern, convenient and affordable services.

We've helped over 1 million people since 2007.

 
Click this button for details of our
email, phone nbr and free consultations.
 

Rental Income and brough forward losses

  • Penworth
  • Penworth's Avatar Posted by
  • New Member
  • New Member
More
09 Nov 10 #233584 by Penworth
Topic started by Penworth
Hi Folks,

Wonder if you can help or share experiences on the following :

Post divorce, I kept a rental property bought during the marriage. I do not currently have any income from employment, only from rental income.

1. Since my ex-wife knows about the rental property I expect her to ask the CSA for a variation for it to be included in the assessment and I assume they will definitely include it ...is this correct?

2. Also the rental property has tax losses brought forward from previous years, say £(20,000). So assuming this years rental income is £12,000 after expenses, what is the assessable income for the CSA calculation
1) rental income less expenses in current year only = £12,000
or
2) rental income in current year less losses brought forward = £nil (as £12,000 profit is reduced by losses brought forward)

appreciate the your help as the CSA have not been very useful

P

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.

 

We can help you to get a fair financial settlement.

Negotiate a fair deal from £299

Helping you negotiate a fair financial settlement with your spouse (or their solicitor) without going to court.


Financial Mediation from £399

Financial mediation is a convenient and inexpensive way to agree on a fair financial settlement.


Consent Orders from £950

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.


Court Support from £299

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.