The amount left after deductions. In family court finances, 'net' figures matter because they show what's actually available. Net income is what you take home after tax, National Insurance, and other deductions — the figure used when assessing needs and maintenance. Net equity is the value of a property after the mortgage and any selling costs (including early repayment charges) are paid off. Net proceeds is what you actually receive from a sale. The court generally works with net figures because they reflect reality: a £300,000 house with a £200,000 mortgage doesn't give you £300,000 to divide, it gives you the net equity.
In Plain English
This is the amount of money you actually have left after all taxes, debts, and costs are taken away. For example, 'net equity' is what you get from a house sale after the mortgage is paid off.
This content reflects observational insights and lived community experiences. It does not constitute legal advice — always consult a qualified professional for your specific circumstances.
A "gap" is a common assumption people hold going into family court, set against what the court actually does. The bold line below is the assumption — not a fact. The reality underneath is what the court typically observes.
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