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Gifted a property

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Comments

  • poppy12345
    poppy12345 Posts: 18,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Suzycoll said:
      Assuming you will be getting income from  the tenants? this also needs to be declared .
    Rental income is not is not classed as income for UC purposes, it's classed as capital.
    Suzycoll said:
      A new UC assessment will be done 

    No idea what you mean by this? A new assessment for what exactly?
    If there's capital in the property which is more than £16,000 there's no entitlement to UC, which has already been advised.

  • calcotti
    calcotti Posts: 15,696 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Suzycoll said:?.. Assuming you will be getting income from  the tenants? this also needs to be declared . A new UC assessment will be done 
    As already advised by others, income from tenants is not declared as income for UC because the income is ignored. However if the capital increases that will have to be declared.
    Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.
  • poppy12345
    poppy12345 Posts: 18,974 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    calcotti said:
    Suzycoll said:?.. Assuming you will be getting income from  the tenants? this also needs to be declared . A new UC assessment will be done 
    As already advised by others, income from tenants is not declared as income for UC because the income is ignored. However if the capital increases that will have to be declared.

    Good to see you posting!
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