Will Inheritance affect tax credits for childcare

Willing2learn_2

Hello all, my son is eligible for working tax and child tax credits which help to pay for full-time nursery care for his daughter. He is a lone parent and works full-time. His father has just passed away and left him half a house and 20K cash. He wants to repay me £10,000 loaned for his current house purchase and put the other £10k towards buying out the other half of his dads house on a 'buy to let' loan he hopes to obtain. He then plans to rent out dads house - small terrace. How will all this potentially affect his free childcare eligibility?

Darksparkle

The inheritance doesn't affect tax credits.

Rental income will.

Plus any interest in savings over £300 per annum needs to be declared.