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Can I gift it without it affecting any of my benefits?

Question:

I own approximately ten acres of land. I am now unable to maintain it due to ill health. Can I gift it to my children? Will this affect any benefits?

Arthur Weller replies:
It seems to me that you could be referring to the 'deprivation of assets' rules, where someone gives away assets that could affect their entitlement to benefits. I would advise you to look atw ww.ageuk.org.uk/Documents/ENGB/Factsheets/FS40_Deprivation_of_assets_in_social_care_fcs.pdf for guidance, because the rules are not simple.

I own approximately ten acres of land. I am now unable to maintain it due to ill health. Can I gift it to my children? Will this affect any benefits?

Arthur Weller replies:
It seems to me that you could be

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This question was first printed in Tax Insider in August 2017.