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Maintenance payments |
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Maintenance paymentsMoney paid by a divorced person to his/her partner to assist with living expenses. From the taxation point of view, maintenance may be enforceable following a court order, or voluntary. Where maintenance is enforceable the recipient will, under certain circumstances, be liable for tax, depending on when the order was made and the amount paid. The person making the payments can claim limited tax relief. For voluntary payments, the recipient is not liable for tax and the person making the payments cannot claim tax relief.Similar MatchesMinimum maintenanceMinimum maintenanceThe minimum amount of equity which must be kept in a margin account as specified by the New York Stock Exchange, the National Association of Securities Dealers and brokerage firms. Maintenance marginMaintenance marginThe dollar amount required to be kept at the OCC throughout the life of an option OCC; percentage of the dollar amount of OCC that must always be kept as OCC. Minimum maintenanceMinimum maintenanceThe lowest required equity level that must be held with a broker in a margin account. See: margin call. Maintenance feeMaintenance feeA yearly charge to maintain brokerage accounts, such as asset management accounts or IRAs. Accumulation and maintenance trustAccumulation and maintenance trustA tax-efficient trust, used to pass assets to your children while still retaining some control of those assets. Further SuggestionsMaintenanceMaintenance call Security deposit (maintenance) |
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