Reply To: Deprivation of Capital? Gave house away!

#9828
andyrichards
Participant

To be honest I am not clear that any obvious link whatsoever could be said to exist between her actions regarding this transaction and any claim for benefit, and I am also not clear what actual capital she deprived herself of. The property was her normal home and hence its capital value was disregarded for CTB purposes for all the time she lived in it.

Leaving that aside, it seems clear from the agreement she entered into that she never was the benficial owner and never had any claim on any of this money you say she’s deprived herself of. She bought the property with someone else’s money and she only had the right to use the property but not dispose of it.

Leaving even that aside, an arrangement which would only see her getting some HB after a wait of 3 years does not look like a significant operative purpose to me.

Sorry, but I don’t see how this can possibly be deprivation if she never had a chance of getting her hands on the money in the first place.