Welfare Rights Officer, Welfare Rights Service,, City of Edinburgh Council Member since 03rd Oct 2007
Dividend payments Fri 05-Oct-07 09:38 AM
I want to know if dividend payments are treared as income or capital for Income Support purposes. The shares have no market value as they are from a private company and none of the other shareholders wish to purchase them.
Welfare lawyer and social policy collator, Basingstoke CAB Member since 13th Mar 2007
RE: Dividend payments Fri 05-Oct-07 09:03 PM
Actual income from any capital is disregarded for IS, and the tariff income rules applied instead: para 22 of Sched 9 to the Income Support Regs (income disregards) and Regulation 53 (calculation of tariff income).
Welfare Rights Adviser/Trainee Solicitor, Thorpes Solicitors, Hereford Member since 03rd Feb 2005
RE: Dividend payments Mon 08-Oct-07 08:35 AM
"The shares have no market value as they are from a private company"
My company law is hazy to say the least but a private limited company may not be able advertise or float its shares but that doesn't mean they don't have any value.