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Sale of foreign property and impact on UK child benefit?
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DaveG20
Posts: 4 Newbie

I've recently sold a foreign property (at a capital loss, so no CGT). My question is does the money from the sale of that property (or asset) count as income which can affect Child Benefit (with the 50K threshold)? I have called HMRC who told me to call Child benefit, who told me to call HMRC!
The money form the sale is income but not earned income and I intend to reinvest it.
Any help form someone who knows this area would be most welcome.
The money form the sale is income but not earned income and I intend to reinvest it.
Any help form someone who knows this area would be most welcome.
0
Comments
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This is the Benefits Forum. Your question concerns taxation and you would be better posting on the Cutting Tax Forum.
Post your question again here:
https://forums.moneysavingexpert.com/post/discussion/cutting-tax
"All shall be well, and all shall be well, and all manner of thing shall be well."1 -
Thanks - have done now!0
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