The Child Support (Maintenance Assessments and Special Cases) Regulations 1992

[F1Computation of qualifying value—business assets and land

4.—(1) Subject to paragraph 6, where the property which is the subject of the transfer by the absent parent is, or includes an estate or interest in land, or a business asset, the qualifying value of that estate, interest or asset shall be determined in accordance with the formula—

where—

(i)

QV is the qualifying value,

(ii)

VT is the value of the estate or interest in land or the value of the asset (as the case may be) calculated at the relevant date, and

(iii)

MC is the amount of the principal outstanding at the relevant date under any mortgage or charge on the estate, interest or asset.

(2) For the purposes of sub-paragraph (1) the value of an estate or interest in land is to be determined upon the basis that the parent with care and any relevant child, if in occupation of the land, would quit on completion of the sale.]

Textual Amendments