We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

benifits?*&%$£

a family member has recently died and now my parents want to buy me a house? morgage free...thank you:j but what taxes will I have to pay. as I am currently in rented accommodation and get working tax credit and child tax credit. will I loose all of this or not. there may be a simple answer to this but im no good at this money stuff and buying a house is very scary.:mad: please someone help. thank you.

Comments

  • I doubt you would lose any benefits as you i assume wont see any "cash"anyway
  • Indie_Kid
    Indie_Kid Posts: 23,097 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Your house that you live in isn't counted as income / savings for benefits.
    Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
    50p saver #40 £20 banked
    Virtual sealed pot #178 £80.25
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349K Banking & Borrowing
  • 252.4K Reduce Debt & Boost Income
  • 452.7K Spending & Discounts
  • 241.9K Work, Benefits & Business
  • 618.4K Mortgages, Homes & Bills
  • 176.1K Life & Family
  • 254.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.