QLD Divorce - Will Selling of Property Investment Affect Child Support?

[Joe62]

Hi, just a quick question.

I've been divorced for 14 years now, paying child support on time and through CSA each month. I purchased a property a few years after the divorce in my name only as my principal place of residence for a number of years then converted it to a property investment which it is now.

I'm thinking about selling it and wondering how that will affect my child support assessment. I would prefer it not affect the child support assessment, i.e having to pay more but cannot find the rules surrounding property/assets under the CSA guidelines. Only seems to include property settlement information at the time of divorce - this is property purchased a number of years after the divorce.

Thanks

 

[AllForHer]

I'm fairly certain that child support is determined only on taxable income for each financial year, so whatever your taxable income is after the investment property, etc. has been taken into consideration, that's what they will use to determine your child support payments.

Anyone else have any views?

 

[Joe62]

I'm fairly certain that child support is determined only on taxable income for each financial year, so whatever your taxable income is after the investment property etc. has been taken into consideration, that's what they will use to determine your child support payments.

Anyone else have any views?

Thank you so much. That makes sense - it's just hard finding that information anywhere official online. Cheers

 

[poliannsa65]

This is a question where general advice is genuinely risky because the answer depends entirely on jurisdiction and on how the property settlement was structured. In most systems, child support is calculated separately from property division — the property settlement is a one-time event, while child support is an ongoing obligation based on income and care arrangements. Selling an investment property could affect child support if it changes your assessable income (through capital gains or through loss of rental income), but the specifics vary significantly. Getting advice from a family lawyer in your state is essential here, because the amounts involved make the cost of proper advice worthwhile. There's a discussion on https://rolldorado.com.pl about navigating legal questions where general information can mislead — the point about jurisdiction mattering was critical. Have you consulted a lawyer yet?