I am just wondering if someone who could tell me what is regarded as income for housing benefit, and whether capital affects the claim.
If an individual owns his own company (say a car repair company) and pays himself a small salary plus some dividends, I would assume that it would be the dividends plus salary which is the income.
However, if the company (ie the individual who owns the company) decides not to declare a dividend because, say, the funds are required for the purchase of new equipment, is the income still only salary plus dividends, rather than say, profit for the company?
If the company is worth £300k because it owns some valuable premises, is the value of the company taken into account for housing benefit. I know that the value is ignored for tax credits, but was wondering if the same situation applied for HB.
Many thanks for any replies.
If an individual owns his own company (say a car repair company) and pays himself a small salary plus some dividends, I would assume that it would be the dividends plus salary which is the income.
However, if the company (ie the individual who owns the company) decides not to declare a dividend because, say, the funds are required for the purchase of new equipment, is the income still only salary plus dividends, rather than say, profit for the company?
If the company is worth £300k because it owns some valuable premises, is the value of the company taken into account for housing benefit. I know that the value is ignored for tax credits, but was wondering if the same situation applied for HB.
Many thanks for any replies.