Subject:
"gift to pay off mortgage counted as capital?"
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maria at dial
Welfare Rights Worker, Dial Cornwall Hayle Cornwall Member since 06th Jan 2006
gift to pay off mortgage counted as capital? Thu 14-Jun-07 09:48 AM
hello there - wonder if anyone can advise
My client receives income support - her mother in law wants to gift £11k to pay off mortgage - client called I.S. who said this would count as capital. I thought if money was paid direct to mortgage provider it wouldn't count as capital - am I wrong?
