Tax on maintenance payments
Discussion
If one has to make maintenance payments to their ex, for their child (global maintenance), by order of the court.
What are the tax implications of this?
About 35% of my net income now goes out as maintenance, does HMRC now see that i "earn" 35% less than before and thus i'm taxed less?
What are the tax implications of this?
About 35% of my net income now goes out as maintenance, does HMRC now see that i "earn" 35% less than before and thus i'm taxed less?
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