Income from capital, for example interest on a building society
account or dividends from shares or unit trusts, should be treated
as capital from the date it is normally due to be credited to
applicants or their accounts1. But the decision maker should take
income from capital into account as income in the normal way if it
is derived from any of the following disregarded capital
1) the applicant's home (DMG44008(1)
2) any premises acquired for occupation by the applicant
(DMG44012)
3) any premises occupied by a partner or relative who is aged
60 or over, or who is sick (DMG44008(2)
4) the assets of a business in which a member of the family
is or has been a S/E earner as in DMG31003 and DMG44070 to DMG44080
5) the funds of a trust derived from a payment for any
personal injury (DMG44008(24)
6) a dwelling the applicant has not occupied in the last 26
weeks as the home after separation or divorce from the former
partner (DMG44011(6)
7) any premises the applicant is actively seeking to dispose
of.
any premises the applicant intends to occupy as the home and
which the applicant is taking steps to obtain possession of by
9) any premises the applicant intends to occupy as the home but
which need essential repairs or alterations to make them fit for
occupation (DMG44042 to DMG44043)
10) any premises wholly or partly occupied as the home by the
applicant's former partner (DMG44008(18)
