Part VIIIncome-Related Benefits

General

132Income and capital

1

Where a person claiming an income-related benefit is a member of a family, the income and capital of any member of that family shall, except in prescribed circumstances, be treated as the income and capital of that person.

2

Regulations may provide that capital not exceeding the amount prescribed under section 130(1) above but exceeding a prescribed lower amount shall be treated, to a prescribed extent, as if it were income of a prescribed amount.

3

Income and capital shall be calculated or estimated in such manner as may be prescribed.

4

Circumstances may be prescribed in which—

a

a person is treated as possessing capital or income which he does not possess;

b

capital or income which a person does possess is to be disregarded;

c

income is to be treated as capital;

d

capital is to be treated as income.