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inheritance as income?
tiggerpaws
Posts: 1 Newbie
When my mum died, her house was sold and the money split between her children. Will this count as income for child tax credit/working tax credit purposes?
0
Comments
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Only the taxable income above £300 pa is counted for tax credits.Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
50p saver #40 £20 banked
Virtual sealed pot #178 £80.250 -
It will be ignored by Tax Credits.
But any other means tested benefits claimed could be reduced or stopped if its over £6,000.
Any interest paid that is over £300 per year will count as income by Tax Credits.0 -
Just read this post..
Is IB counted as means tested?? I am pretty convinced that DLA isnt?? I hope
Thanks0 -
IB & DLA aren't means tested. However, pensions affect IB.Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
50p saver #40 £20 banked
Virtual sealed pot #178 £80.250
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