Regulation 12 Deprivation or conversion of resources
If it appears to the assessing authority that the person concerned has, with intent to reduce the amount of his disposable income or disposable capital, whether for the purpose of making himself eligible to receive funded services, reducing his liability to pay a contribution, or otherwise:
(a)
directly or indirectly deprived himself of any resources,
(b)
transferred any resources to another person, or
(c)
converted any part of his resources into resources which under these Regulations are to be wholly or partly disregarded,
the resources which he has so deprived himself of, transferred or converted shall be treated as part of his resources or as not so converted as the case may be.