Tax credits and second property

Dachshund23

I have read about income you could of had but did not take and can be treated as having that income 

marcia_

Dachshund23 said:

I have read about income you could of had but did not take and can be treated as having that income 

 That doesn't apply to tax credits 

Dachshund23

Would this be looked at as depriving myself of income

Rubyroobs

Anyone else just sitting here baffled as to how people can own second homes and claim top up benefits?

marcia_

Dachshund23 said:

Would this be looked at as depriving myself of income

 Not for tax credits. Different for other benefits 

marcia_

Rubyroobs said:

Anyone else just sitting here baffled as to how people can own second homes and claim top up benefits?

 That why they came up with universal credit where a second home would make ineligible for benefits 

Dachshund23

We bought our first home very cheap off the council just before the house boom in 1999 so we did not have a mortgage for very long then my brother gifted me a large amount for a deposit for a second property to put down for my son to help him get on the property ladder but the original agreement was we would pay the mortgage for 2 years and then he would take over the mortgage but through to complicated family issues it just got put aside so we carried on paying the mortgage then my brother his uncle who gifted the deposit died suddenly of a cardiac arrest he was only 46 but after a inheritance battle he was given his business and payed the rest of the mortgage off in 2021 and have came across capital gains which none of us had even heard of as we was never informed by the lender or the solicitor about this