Explanatory note
(This note is not part of the Regulations)
Regulation 4 amends regulation 34(4) of the Disability Working Allowance Regulations and regulation 31(4) of the Family Credit Regulations, which provide that subject to certain exceptions, income derived from capital shall be treated as capital for the purposes of calculating a claimant’s entitlement to disabled person’s tax credit or working families' tax credit. The amendment adds to the list of exceptions income derived from a dwelling which the claimant intends in due course to occupy as his home but which he currently does not occupy due to living in job-related accommodation.
Regulation 5 adds to the list of capital to be disregarded in calculating a claimant’s capital for the purposes of ascertaining his entitlement to disabled person’s tax credit or working families' tax credit payments made for victims of National Socialism during the Second World War.