Deprivation of capital question.

fateric

Hi, I'm on ESA. If I bought an asset for £3000 and immediately gave it to my mother, I realise it is deprivation of capital. The question is, if that asset increases in value 10 times over time am I still supposed to have the asset at £3000 or £30000?

[Deleted User]

You can have savings up to £6000 without it affecting your ESA claim. Anything above that has to be declared to the DWP.
I'm not sure how to advise you regarding the asset. 

leeCal

I think it would be based on the initial transference, the value of £3000. Conversely if you bought an asset worth £3000 and it reduced in value to £2000 the sum under consideration would still be the initial £3000, if that makes sense, for £3000 is the sum you deprived yourself of.
Whether it was actually deemed as deprivation of capital or not I couldn’t say, perhaps it would be worth asking the DWP about it.

fateric

But would she get wrong for accepting said asset