Benefit Fraud - Fessing Up.

missapril75

I'm imagining someone having the Mona Lisa (or similar) on the wall above the mantlepiece in their living room, looking down on them while completing a JSA hardship application.

I can see the newspaper stories. Instead of satellite dishes and huge TVs, it'll be "Mum of 7, pleads poverty, but she has a series of masterpieces going up the stairs and a Jackson Pollock in the toilet."

Morglin

galante_inc wrote: »

Its a simple fact that £150.000 of gold in jewellery isn't just as simple as a gift....it would have been considered an asset of a deceased persons estate, I would question was the inheritance tax paid first....that would be about £60K.. then I question one minute they haven't told the benefits agency / council and next minute they have... then I question if they knew the true value of this gold then why are they claiming from the Man....
Then who's paying the insurance on this mega amount of gold... oh but there paying for it with benefits from the Man

Well if they have told the benefits/council I hope they got a record of dates and times plus the person they saw...We are not just talking about a few months, we are talking of 4 years...
I now question why now after all this time are they fessing up ???? guilty about something or is it a simple fact that the net has closed in and there just looking for a way out

I'm just amazed that there are a lot of us that need the system to support us when we need just to survive, we don't have nights on the town, haven't much money for xmas, don't have holidays.... but I bet none of us have £150.000 in gold under the bed.... Certainly if I did I wouldn't be claiming from the Man

Inheritance tax is payable only on estates of more than £365k, and then 40% is payable on any amount above that - if the estate didn't reach that amount, nothing would be payable, and I'm not sure where you get £60k from.

There may be some Capital Gains Tax due (although I doubt it, unless the jewellery is sold).

As far as I know, family bequests of jewellery (or any other personal item) does not concern the DWP.

Any moral stance is a different subject - all a claimant has to do is follow the rules laid down by Parliament.

Lin

mikey_bach

if this is not a wind up,
the inherited jewellery would not effect a means tested benefit
as said its under the inheritance tax threshold as well

if it was sold then yes it would. Usual capital rules would apply
If they went to the relevant departments they would be told this,
they can phone up and stop their benefits any time they want.
with the words "I want to close my claim from today"

Cheeky_Monkey

I still can't get over the fact that this couple have lived in this country for 20 years and yet still can't fully speak, understand, read or write English :eek:

patman99

Whilst considering the question about whether or not jewelry counts as capitol, I remembered the woman who, not that long back, was all over the news as she couldn't live on less than £70k a year. Did she not have more than the odd piece of gold jewelry?.

There are legal ways to depreciate your assets if you know that the company you work for is not doing to well and that can involve spending money over a time on gold jewelry and collectables.