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working family tax credit in Scotland
my friend has separated from her husband and is claiming WFT credit. When her house is sold and she gets a substantial release of equity will she be able to keep this or invest this into purchasing a new property without her WFT credit being affected? She is currently renting a local housing association house.
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For more on marking an answer as the "Best Answer", please visit our FAQ.So far as I know, the rules for Working Tax Credit are the same in Scotland as in England. If so, the capital itself is ignored in working out the entitlement, but if capital is invested and earns interest or dividends these are taken into account if the total is above (I think) �300 per year. If she wants to confirm the situation, she could ring the tax credit helpline.
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