Sale of assets

Asset sales don't need to be declared as income. But if you get Accommodation Supplement, Temporary Additional Support or Special Benefit you do need to tell us about it.

What is this?

The money you get from the sale of an asset does not affect your benefit. Assets include:

  • a property
  • a business
  • a car
  • a boat.

How it affects your benefit and allowances

You have to tell us about this payment if you:

  • get Accommodation Supplement, Temporary Additional Support or Special Benefit
  • invest the money you get and earn interest, this will be counted as income.

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If you need more information or want to discuss this in more detail contact us