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30 hours funded child care and house sale

3 replies

Sugarpaper · 18/10/2022 22:18

My DH has recently sold a house that he owned with a friend from before we got together. Does anyone know whether the money he has made from the sale will form part of his taxable income when thinking about tax free childcare/the 30 funded hours? We have a DD in preschool who uses 30 hours and a DS in nursery who we use tax free childcare for. We both work but each earn way less than the 100k threshold. The house sale would push my DH over the 100k threshold if it is included. Thank you.

OP posts:
notdaddycool · 18/10/2022 22:30

I don’t know, but when calculating income for the withdrawal of child benefit they don’t use your pure income, you can adjust it down based on gift aid on charitable donations, WFH allowances, pension contributions etc. when you do your research do check out if putting a few grand in a pension (or making a charitable gift) could bring you under the limit.

buckingmad · 18/10/2022 22:36

No. That’s a capital gain. Childcare hours are based on income such as salary if employed or trading income if self employed . (I’m an accountant).

Sugarpaper · 18/10/2022 22:41

Ace - thanks so much

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