Saturday to Sunday 10am to 6pm. Our aim is to reduce the problems for my mother where possible but from what you are saying this really isn't the way forward. Here's how you know. Although this portion of your sale proceeds is not counted as an asset, income will be deemed to be earned on any part of the sale proceeds that you retain. 290069. Any profits made on the sale of a property need to be included in your assessable income in the financial year that you sell it. I wonder if anyone has experience/knowledge of the following: I am on contributions based support group ESA (most likely to be reassessed early next year). If you’re going abroad for 4 weeks or more then you must tell the DWP. When you get in touch, they’ll ask for your: Jobcentre PlusTelephone: 0800 169 0310Textphone: 0800 169 0314NGT text relay (if you cannot hear or speak on the phone): 18001 then 0800 169 0310Welsh language: 0800 328 1744Monday to Friday, 8am to 6pm. Multiple property sales – if you plan to sell more than one property, selling those with a capital loss and capital gain in the same year can reduce your tax payable. Copyright © 2020 Disabled Living Foundation - All rights reserved. Most likely the only way to get a straight forward answer would be to ask a case manager/decision maker at DWP. An estate agent wouldn't know anything about deprivation of capital when claiming a means tested benefit. For example, if it: This might affect whether you should be in the support group or the work-related activity group. I have read that she is able to sell her property and buy another which will not affect her ESA but what doesn’t appear to be clear is whether the deeds for the new house have to remain in her name as this would then mean that me and my partner cannot secure a mortgage. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. Unfortunately me and my partner would not be able to provide my mother with an income if her ESA benefit was stopped. Most likely the only way to get a straight forward answer would be to ask a case manager/decision maker at DW, Receive all the latest news and information about Scope, be entered into a prize draw to win a £30 shopping voucher. It looks like you're new here. This includes money from: If you don't tell the DWP about a change even though you know you should, it could be fraud. 13 surprising factors that affect property value. Even if you did change straight to Income Related WRAG, by that time the money would have been spent to buy your main home, which is disregarded for IR benefit. Thank you, your feedback has been submitted. Would that affect the amount we currently receive from Social Security? I would like to support my mother with day-to-day living and her financial worries but I live 90 miles away from her so it is very difficult for me to help. It could be up to 26 weeks or in some cases there’s no limit to the amount of time you can keep claiming. If you’re in the process of selling a house, chances are you’ve already got a million things to think about, let alone what you need to consider when tax time rolls around. You're right that the profits would be disregarded for means tested benefits for 6 months if your mother is planning on buying another house. What's tax deductible when I sell a house? While you’re on Employment Support Allowance (ESA), it's important to tell the Department for Work and Pensions (DWP) if there are changes to your: Any changes might affect how much ESA you should get or which group you’re placed in. Although stamp duty is paid by the buyer and not the seller, it’s important to remember that it can have an impact on some buyers’ willingness to buy your property. To be deprivation you have to do it in order to "claim or increase benefit", you can't have been reasonably expected to know in advance that they were going to change you to Income Related, you have to reasonably assume that if reassessed you would still be in SG, or still have 52 weeks CB even if changed to WRAG.