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capital disregarded ESA
my client has inherited a house £120.000 and has used money from a trust fund for PI to renovate it £60.000, she is on IR ESA, the house is not registered with the land registry, is it correct the value will be disregarded until it gets land registry confirmation ???
‘No’ is the short answer.
A longer answer is that the value might be disregarded for up to 26 weeks (or longer if reasonable), via two possible routes:
If you are carrying out essential repairs or alterations which are needed so that you can occupy a property as your home
or
If you have acquired a property and intent to live there as your home but have not yet moved in