I'm not aware that CSA can treat property as cash, the fact you own property
does not mean you have the income to pay them more money. I seriously doubt
it though because lets say Mr x was willed a properly valued at 10 million
pounds and had a very normal job and wage. If it were true they could charge
him 8% he'd be valued at more than his income! but I have no real knowledge
on this subject however it has been discussed by others.
I think you'll find that their interest is in any rental income from the
properly. However if you sell it then they might want a slice of not the
capital but any interest you'd accrue on that capital as that would be
income.
<***@tiscali.co.uk> wrote in message news:44d68847-2aef-433c-98d5-***@r66g2000hsg.googlegroups.com...
The ex has not worked since we split 9 years ago.The investment
property was owned by both of us
and when we split I bought the building from her by way off a massive
mortgage and lived on my office floor i was that skint!!.
The ex never worked from the split living on the chunk of money she
had recieved. Last year she had run
out of money and duly signed on benefits. Then the gastapo became
involved and cut my child payments ( based on my income) by half.
Under CSA rules she only recieves £10 per week from the payments I
make the rest going to the government (discusting)
She seem very vindictive towards me since she is pissed off with the
low amount I now pay and subsequently been making waves with
the csa about the fact I have lots of assetts
The csa contacted me the other day and want to know the value of these
buildings
I have heard the csa can treat property assets like cash in the bank
working at 8% of the asset which is then treated as income
(this excludes though property which is your main residence)