Income from assets

The income from applicable people's assets over the asset threshold is included as assessable income when calculating the rate of Income Related Rent.

Income from assets is:

• the value of any income acquired from the assessable asset or
• the estimated income (after income tax) that the assessable asset would generate

whichever is the greater.

Only income from assets over the asset threshold is to be included as a client's assessable income.

The income from assessable assets is included as assessable income in the Income Related Rent calculation as a weekly rate.

For more information see:

• Asset thresholds and formula to work out assessable income from assets
• Assessable assets
• Treatment of specific assets
• Deprivation of income