Housing benefit for homeowners

antrobus

John_Stiles wrote: »

If the property were to be put in a trust, would this solve the problem?

Well it might. But trusts can be expensive to set up and manage, and if you're on HB, you're not really playing in that league. See my previous response first before you start thinking about that sort of thing.

skintandscared_2

John_Stiles wrote: »

If they leave it to me in a will and then they become ill and need to go into care and pay a fortune for it, will our overlords then demand that they sell their property in order to pay the extortionate amount of money for care thus I lose my inheritance thus this person loses everything they've worked for?

This makes me really angry. People are born, looked after by their parents during childhood, leave school, get jobs, buy property/save/put into pension funds then they retire and live out the rest of their lives on the money they have invested/saved. That's how it works. It doesn't matter if they literally have 1p to their name on their deathbed - the most important thing is that they've been able to afford the life they've wanted to live.

Who has a divine right to a wad of free cash by way of inheritance??!! I'm getting sick and tired of reading posts by adults who have parents barely into their retirement, desperate to stash away this pot of gold they believe they are somehow "entitled" to... that money is for the parents to SPEND on themselves, their future care, 4 holidays a year or whatever the flippin' heck they like!!

And no, taxpayers are not going to step in and save your little nest egg for you, sorry.

Now why don't you just have a go at providing for yourself instead :mad:

Transformer

I also believe these boards are for helping genuine benefit claimants in need of support, not on how to possibly circumvent the law or common sense life. I feel the op is either trying to circumvent the law or a troll possibly trying to wind everyone up.

Get a job or one better paid then you dont have to worry about housing benefit, or possibly are you believing you are so so entitled to it and your inheritance that you cannot see you are out of order expecting such help here.

Feels like grave robbing before they are dead, sorry.

skintandscared_2

Transformer wrote: »

I also believe these boards are for helping genuine benefit claimants in need of support, not on how to possibly circumvent the law or common sense life. I feel the op is either trying to circumvent the law or a troll possibly trying to wind everyone up.

Get a job or one better paid then you dont have to worry about housing benefit, or possibly are you believing you are so so entitled to it and your inheritance that you cannot see you are out of order expecting such help here.

Feels like grave robbing before they are dead, sorry.

Absolutely agree!!! It's the sentence from the OP's post "thus I lose my inheritance thus this person loses everything they've worked for"... Like their relative has worked hard all their life JUST to put together a tidy little sum to leave to them! No, that person doesn't "lose" everything they've worked hard all their life for, they spend it on living the rest of their days in a comfortable environment with someone taking care of them. Clearly the OP thinks he has far more important things to spend that money on....

thorsoak

John_Stiles wrote: »

If they leave it to me in a will and then they become ill and need to go into care and pay a fortune for it, will our overlords then demand that they sell their property in order to pay the extortionate amount of money for care thus I lose my inheritance thus this person loses everything they've worked for?

The OTHER person has worked - by inference, you are not working. As my late FiL used to say - there's nobbut three generations from clogs to clogs!

As it is, you are suggesting that it is your right to inherit property and still claim benefits from that proportion of the community that pays tax and NI, etc. Why? Should your neighbours be financing you?

By your own admission, your relative has worked hard for everything they have - might I suggest that you do likewise? Then everyone would be happy!

John_Stiles

If anyone who can actually read and who knows how to think comes along, your advice is welcome. I would be particularly interested to know about trusts.

thorsoak

Of course, if you put the property in a trust, you are then going to have to pay solicitors .....their hourly rates are extortionate!

Firstly, for drawing up a trust, and then for the administration of said trust if it is to be acceptable to the Inland Revenue.

antrobus

antrobus wrote: »

OK let's try and be vaguely helpful;

Property you own but do not occupy [HB Sch 6, HB(SPC) Sch 6; CTB Sch 5, CTB(SPC) Sch 4]

The value of this property is counted as capital but you may be able to get HB/CTB even if the value of the property means that your savings are more than £16,000. This is because the value of the property may be ignored when your savings are worked out, in certain circumstances.


If the property is occupied by an elderly or disabled relative as their home, its value is not taken into account for as long as it is so occupied.

http://www.dwp.gov.uk/publications/specialist-guides/technical-guidance/rr2-a-guide-to-housing-benefit/working-it-out/income-and-capital/

So is the property in question being occupied by an "elderly or disabled relative"?

John_Stiles

antrobus wrote: »

So is the property in question being occupied by an "elderly or disabled relative"?

Both. It would be occupied by an elderly person, and a (not physically) "diabled" person.

antrobus

John_Stiles wrote: »

Both. It would be occupied by an elderly person, and a (not physically) "diabled" person.

Then according to the link I gave (which is a quote from the DWP's RR2 - A guide to Housing Benefit and Council Tax Benefit) your part-ownership of the property will have no effect on your HB or CTB, because it won't count as capital.

Please note, that I don't know that this is right. I'm only reading what it says on the DWP website. But you should be able to double check with the CAB or someone like that.