Reply To: Undeclared Capital


Charlie John you are correct the HB and CTB calculations have to be done separately under the diminution of capaital rules whereas under the deprivation of capital rules everything gets counted in the one calculation.

Has anyone ever got spreadsheets to work these out yet. They are both very messy manual calculations particularly if it goes back a few years and actual and notional capital has fluctuated due to changes in circumstances and I don’t think many assessors bother with them.

It only seems to get picked up on reconsiderations and appeals. How many fraud cases for non-declaration of capital have gone forward for sanction or prosecution based on an overpayment NOT worked out using the diminution of capital rule?