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?
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.
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