Capital Disregard


We have a client who was enjoying a disregard on a property she has never lived in, it was her intention to move in, but needed extensive repairs and the Tribunal accepted that was reasonable to extend the 26 weeks.

Client has not been able to move in, and has sold the property and will be moving to a house using the proceeds of sale.

Can she enjoy a further disregard of the capital as she has taken steps to secure i.e. solicitor involved and completion due by the middle of August.

It seems that she can argue this applies

4 (b)the person is taking steps to obtain possession and has commenced those steps within the past 6 months

Does that make sense? Something in my mind seems to think it is too good to be true, she has £256,000.00 held by the solicitor

Many thanks in advance.

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