Will buying a property affect my working tax credit?

[Deleted User]

it's usually around 12-15k a year...ish until I moved out and got divorced...a bit less last year due to times being 'ard...that's why I could get some WTB..albeit not a lot but it helps !!

BigAunty

Deleted_User wrote: »

So when the sale goes ahead...is it better for the money to go straight to me and then I give her what she was going to keep ie.15k-20k. ? ...

I suggest you set up a separate thread if you are worried about the separate deprivation of capital issues.

Go and look at the fact sheets on the Age UK websites about capital and care homes to get a flavour of the rules. Go and find the DWP staff manuals, known as 'Decision Makers' guides on the internet about Deprivation of Capital to understand how it is viewed when a person on benefits who comes into money gives it to someone else.

This is a complex area and it's all about the DWP or local council or HMRC investigating people are are deliberately getting rid of their capital in order to gain means tested capital.

Claimants who intentionally give away their money or investments or properties to friends or relatives are treated as if they still have it (known as notional capital).

At the moment, you've indicated that they aren't claiming any means tested benefits like housing benefit, council tax benefit and so on anyhow, probably because their joint income is around 20k from my guestimate so wouldn't have much or anything in the way of entitlement.

Not sure anyone here is expert enough to tell you how the donation of 50k to you may affect any future means tested social care at home or care home residency in the future or not.