Tax Credits

Posted on 16 January 2011 by kerry lane


Hi there, my partner divorced his ex wife last year and part of the divorce settlement meant selling a property that he owned jointly with his sister and giving the ex wife a cash settlement of £120k. He now has to pay capital gains on the monies made from the sale. What my question is, as we never actually saw or received any of the money - it went straight to the ex wifes solicitors, does this affect our tax credits that we receive as we are both are on a very low income? Can you please advise?

Kerry,

I regret that the question you have asked is beyond the limits of the advice a Mortgage Broker can offer. I recommend that you speak to the Tax Credits helpline about your situation:

Phone Line: 0845 300 3900

The helpline is busiest between 9.30 am and 2.30 pm and after 4.00 pm. If you call outside these times your call may be answered more quickly.

Peter

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We recommend you seek professional advice with regard to any of these topics where appropriate.

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