The PMV rule applies when an individual receives in-kind support and maintenance (ISM)
and is not subject to the value of the one-third reduction (VTR). Unlike the VTR,
which is not rebuttable, an individual may rebut the amount of ISM counted as income
under the PMV rule. For information about VTR, see SI 00835.200.
When an individual produces evidence establishing that the value of the ISM is less
than the PMV, we count the lower value of ISM as income. The lower value is termed
the actual value (AV) of ISM.
The AV of inside ISM is the difference between the individual's pro rata share and
his or her contribution. The AV of outside ISM is the individual's share of the difference
between the household payment and the current market value (CMV) of the outside ISM.
An individual may rebut the PMV by showing that the sum of all ISM (inside ISM, outside
ISM, and ISM to one person) is worth less than the PMV.
SI 00835.340, Computation of In-Kind Support and Maintenance from Within a Household
SI 00835.350, Computation of In-Kind Support and Maintenance from Outside a Household (Including
Vendor Payments by a Third Party Outside the Household)