09
Mar
2015
A question about : 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
Best answers:
- It's your taxable earnings, so whatever u declare to mr taxman, usually this excludes the interest on the mortgage
- 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).
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