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Question 1

Nigel has been living in a care home for twelve months and he has agreed that it is time to sell the family home. His partner currently lives in the property and Nigel wants her to use all of the sale proceeds to buy a property for her to live in after clearing the remaining mortgage. How is the local authority likely to view this transaction?

A It will not include Nigel’s share of the sale proceeds as part of his capital.

B It will not take any further action unless Nigel is the sole owner of the new property.

C It will take a charge over the new property to cover the care home fees.

D It will treat Nigel’s share of the property value as his asset and include it in the financial means test

Answer 1

A It will not include Nigel’s share of the sale proceeds as part of his capital