Help needed with UC & self employment

born_again

HillStreetBlues said:

huckster said:

Case law that applies below.  Does this mean that as the caravans are let out, they are not 'personal possessions' ?  If so, if UC were made fully aware of the caravans being owned and they have not picked up any issue with these being potentially capital, does the OP raise this with UC.  Under UC, even if DWP make a mistake and later find out about this, then any benefits paid may be treated as overpaid.

See point 2. below.

 “personal possessions” mean any physical assets other than land and assets used for business purposes (broadly the same conclusion as was reached in CPC/370/2006) (paragraphs 53 to 55).

It would be either personal possession or a business asset, both ignored by UC.
https://www.legislation.gov.uk/uksi/2013/376/schedule/10  Disregarded Capital UC Regs, Sch 10, para 7

Business assets

7.  Assets which are used wholly or mainly for the purposes of a trade, profession or vocation which the person is carrying on

It has to be one or the other, but as both are disregarded, it won't matter with UC which it is.

If they said it was business, then would they have to declare any rent paid each month as income to UC, despite the fact they wait till the end of the year?