Chapter & verse is in the new version of reg 22 of the HB General Regs, as introduced by the HB & CTB (State Pension Credit) Regs 2003. For people getting PC Guarantee this says, quite simply, that their income and capital is wholly disregarded.
So, if PC Guarantee remains payable for the remainder of the AIP, whatever the new capital position, that's it for HB/CTB - full entitlement. As for PC(G), it doesn't matter whether the former asset is up for sale or not, during the AIP; if not, the claimant has a non-liquid asset instead of a liquid one. It's a new capital asset, sold or not, and disregarded till the next AIP. Indeed, it seems to me that income from such a disregarded asset is also disregarded in these circumstances, so the smart thing to do if you're not selling up is to get a tenant in there! Am I right, colleagues?
Jim
|