Partner's income assesmemt and Capital gain

Looking for advise from the SLC/ SFE

I am a mature student, starting a PGCE in September. My wife is a full-time mum to our
2 children (and 6months pregnant).

I understand my student finance is based on her income which, although she is registered as self employed, is zero this year.

My SLC application has indicated that I am eligilible to receive a maintenence loan, maintenance grant, adult dependants grant, dependant child grant and a childcare grant. Which I have said I would like to accept.

The question...
A number of years ago my wife and her cousins inherited some land, they are now looking to sell and have put it on the market. She will have to declare a capital gain and fill in a self assessment. Will this affect my student finance? Does it make a difference which financial year the land is sold?

Many thanks,

Jack

(edited 1 month ago)

Reply 1

David SLC

Official Rep

Hi there. With regards to your entitlement we always use the previous fully complete tax year. So, if there was a large sale this year it would not impact your entitlement for your loan in this current Academic Year. If you were to study again in the next few years and we requested this tax year, at that point it would have an impact on your entitlement. Thanks, David