If I sell my house and buy a cheaper one, is the difference regarded as income in terms of repaying a student loan?

Arthur Weller replies:
If you look at the relevant legislation (www.legislation.gov.uk/uksi/2009/470/regulation/29/made paragraph 4, and www.legislation.gov.uk/ukpga/2007/3/section/23 step 1), you can see that the profit made from selling your original house and buying a second, cheaper house, is not regarded as income in terms of repaying a student loan. Only income that is subject to income tax counts as income for these purposes.