CSA claim on equity - help

Jules12345

Hi,

My bf has been open and upfront with the CSA - he contacted them for a fair assessment and submitted wage slips, P60 and the accounts for his rental properties.

Now the ex has applied for a notice of variation - and the CSA are claiming that they can assess the equity in his rental properties as part of the figure. Surely equity is a floating, ficticious figure which isn't available for them to derive their '8% earnings' from until the property is sold and the money is banked?

I wouldn't mind so much if this wasn't being done out of spite as she is absolutely loaded - and the extensive legal fees being paid out every month to bring the access case through the Family Courts is crippling.

Help!?!

Steve40_2

From what i have read if he has more than £64000 in assets then the PWC is entitled to a slice for the children . but i could be wrong

Soubrette

I think Steve40 is correct, all assets will be assumed to earn 8% interest and it is this that counts as income - so assuming one child - he will have to pay 15% of the 8% nominal interest (whether or not he actually does earn 8% on his assets).

However I do not believe that rental income counts as income for the CSA when it comes to calculating child maintenance. May be worth checking that though.

Sou