Net equity in former family home

When a client has separated they may own, or jointly own the family home.

In this case do not assess the client's net equity in the home until:

• a decision on the sale of the home is made or
• there is a Relationship Property Settlement (previously matrimonial property settlement) - under a Property Agreement or Property Order

whichever is earlier.

Note that any rent the applicable person receives from the property needs to be counted as assessable income.