Reply To: Proformas

chris harvey

This could get really messy!
To maximise subsidy on HRA cases we are thinking about asking our tenants to supply their tax credit award notice instead of using the proforma. That way we can count the income from the Monday after the date of the notice and treat anything before then as capital. This doesn’t create much in the way of overpayments and ensures the benefit paid out is full qualifying 100% expenditure.
It really is crazy that we have to go to all these lengths to save a potential subsidy penalty that is not our fault.