§ 40. Mr. Michael Marshallasked the Chancellor of the Exchequer what proposals he has to treat maintenance payments as earned income for tax purposes.
§ Mr. Robert SheldonThe first £1,000 of maintenance payments is exempted from the investment income surcharge, over and above the general exemption for the first £1,000 of investment income, and to this extent, therefore, they are taxed 759W no more heavily than earned income. The thresholds are kept under review, but I have no proposals for changes in the general rule.