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Topic:
Divorce and taxable income (2 Posts)
Started By:
Date:
08 January, 2018 05:34PM
Divorce and taxable income
xhikarux - 08 January, 2018 05:34PM
We have been divorced for a while now. Is divorce settlement taxable?

We both agreed that the ex should keep his house while I move out. He didn't have enough savings in his account to pay me a lump sum therefore I agreed to monthly instalments of a few hundred pounds until he pays it all. Does anyone know if the monthly amount counts as taxiable income?
Re: Divorce and taxable income
HatMan - 08 January, 2018 05:37PM
No it does not count as taxable income.
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