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Clare
Clare, Family Solicitor
Category: Family Law
Satisfied Customers: 33281
Experience:  I have been a solicitor in High Street Practise since 1985 and have specialised in Family Law for the last 10 years
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Im trying to complete Form e and at section 2.17, it asks

Customer Question

I'm trying to complete Form e and at section 2.17, it asks for details of income on rental property which I have but I don't know if I should put in income before expenses or after? The property I have is managed by a letting agent and I've had to refurb a lot of it which has all eaten into the actual income received. So the figure before expenses will be very different to after expenses. What should I put?
Submitted: 3 years ago.
Category: Family Law
Expert:  DiverseTax replied 3 years ago.
Hi.

What is form E part of, a tax form, a tax credit form?
Customer: replied 3 years ago.

Form E is the financial form completed at divorce or to vary a consent order which reveals all ones finances from income to assets, pensions etc. It is a widely known form completed at divorce. Are you not a lawyer? if it were a tax question, I would simply ask my accountant.

Expert:  DiverseTax replied 3 years ago.
Your question appeared in the UK tax site. I'll opt out and let the legal experts answer.
Customer: replied 3 years ago.

How strange as I posed my question on a lawyers site. Thank you anyway.


 

Expert:  Clare replied 3 years ago.
Hi
Thank you for your question.
My name is Clare and I will do my best to help you.
In fact you should put BOTH in the left hand column as in:
Rent received from rental of 1 Toy town xxxx
Less Expenses xxxxxx
Then carry the balance to the third column.
I hope that this is of assistance - please ask if you need further details
Clare

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