HC Deb 31 January 1992 vol 202 c697W
Mr. Wigley

To ask the Secretary of State for Social Security if he will make it his policy to direct the Benefits Agency not to treat any revenue accrued from the sale of a house as business income for benefit purposes.

Mr. Jack

Where capital realised from the sale of a home is intended to be used for the purchase of another home it can be disregarded as income or capital for benefit purposes. Where, however, this is not the intention and the proceeds are invested into a business, such revenue is treated as income for calculating benefit.