do gambling debits and deposits into the bank on the same day count as new capital

budz
budz Online Community Member Posts: 35 Connected

I have checked my balances for the past few years and on 6 occasions I am just over £6300 towards the lower capital limit and the rest of the assessment periods I am under. I know and understand the fact that I will owe something in regards to a small overpayment however that is not what concerns me.

As an example if my capital was £6300 in the middle of the assessment period and if I have gambling losing debits for example £500 in one day and won the £500 back in the same day by way of William hill depositing the funds back to my bank account. Is this treated as capital by universal credit and would they then raise my capital to £6800. I believe the debit and deposit cancel themselves out as they are equal if it happened in the same day and i think my capital on the same day should be reverted back to £6300. can someone tell me if I am correct .many thanks in advance