CSA Calculations for a landlord Father


I am not yet separated, but can possibly see it going thatway shortly.



I want to make sure I am straight from the off.


I have some of my income come via PAYE via a Ltd co and someof it via personally held BTL properties.


Am I correct in thinking that I need to include the weeklygross rent as income, or am I to deduct expenses, like mortgage payments? (as Iwould with my tax return?)


Any help appreciated

Comments

  • Guest101
    Guest101 Posts: 15,764 Forumite
    It's your taxable earnings, so whatever u declare to mr taxman, usually this excludes the interest on the mortgage
  • shoe*diva79
    shoe*diva79 Posts: 1,356 Forumite
    The CSA now use your P60 (or tax return info) to determine a CM Assessment. So your gross earnings is what they look at for the year and they will then deduct a % (its 12% for one child).
  • jenny54321
    jenny54321 Posts: 29 Forumite
    Are the buy to let properties in joint names with the ex ? as the income and tax liabiklities are split 50 50
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