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UC partner owns half of his moms house
kazzyb123
Posts: 183 Forumite
A long time ago my partners parents signed half of their house over to him, his mom is a pensioner and still lives there. We gain no income from this.
Does this count as capital for UC?
Does this count as capital for UC?
If so is it included in the capital disregard for moving from tax credits?
thanks
thanks
0
Comments
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Is it held in trust until his mum dies? (did dad die and leave their half in trust to their son?)Is he free to sell the house to realise his share of the capital?How is the property held with his mother - tenants in common or joint tenants?Yes, he will need to declare it to UC and yes it can be disregarded as part of transitional protection when moving from tax credits.UC will need to decide if it can be disregarded for longer, or only for 12 months under transitional protection when migrating to UC from Tax Credits.I am a Forum Ambassador and I support the Forum Team on the Benefits & tax credits, Heat pumps and Green & Ethical MoneySaving forums. If you need any help on those boards, do let me know. Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.0
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Great, so he can declare it and a Decision Maker will make the decision to disregard indefinitely (or until mum passes)kazzyb123 said:@NedS I have just found the regs saying it is indefinitely disregarded as capital because his mom lives there and is over pension age.
I am a Forum Ambassador and I support the Forum Team on the Benefits & tax credits, Heat pumps and Green & Ethical MoneySaving forums. If you need any help on those boards, do let me know. Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.1
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