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Paragraph 13 Gross monthly incomeI1

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Subject to paragraph 14, gross monthly income means the total monthly income, for the month preceding that in which the application for remission is made, from all sources, other than receipt of any of the excluded benefits.

(2)

Income from a trade, business or gainful occupation other than an occupation at a wage or salary is calculated as—

(a)

the profits which have accrued or will accrue to the party; and

(b)

the drawings of the party;

in the month preceding that in which the application for remission is made.

(3)

In calculating profits under sub-paragraph (2)(a), all sums necessarily expended to earn those profits are deducted.

Annotations

Commencement

I1

Sch. para. 13 in force at 7.10.2013, see art. 1