Note: Voluntary deprivation of capital rules don't apply, as it was from a legal payment and not counted as savings.
Hi I've been asked to declare savings / assets and send banks statements. This is quite a normal thing. However I recently bought a boat for my father to live on. Although I paid the full general amount, I am a 50% joint owner, along with another family member, who has yet to pay me there half share and it is in the form of a long non timetable loan. Boat cost £10,000 rounded up.
My Question: Is this boat an asset that needs to be listed? And if so how much is the correct amount to declare, based on above information. Thanks
