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Forum Home  →  Discussion  →  Benefits for older people  →  Thread

Assessed income period and rental income from property

Domino
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Advice Support Project, Lasa

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Total Posts: 121

Joined: 28 June 2010

Hi

Looking for some clarity on this one:

Client is considering renting out property she formerly lived in.  She is in assessed income period.

Rent from a property other than the home the client lives in is not taken into account as income.  According to CPAG p.950, the value of the property counts as capital and therefore treated as producing a “deemed income”.

Does this mean that it will be classed as “retirement provision”, as it is deemed income issuing from capital, in which case it does not have to be reported within the AIP, or not?

Thanks in anticipation..

nevip
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Welfare rights adviser - Sefton Council, Liverpool

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Total Posts: 3137

Joined: 16 June 2010

See section 7(6)(c) of the State Pension Credit Act.