Receiving JSA - will Land inheritance affect this?

C

Clubfield

Registered User
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Hi,
I'm currently unemployed 18 months and on receipt of full rate of Job Seekers Allowance.
My father passed away recently and I will soon inherit 23 acres of land in the west of Ireland. It isn't farmed at all. There is no income or entitlements from the land as it hasn't been farmed in some time, but it will be an asset I presume?

I have zero savings or other funds. Will this affect my JSA? I'm afraid of losing it as it's my only means of income.

Any well informed answers would be much appreciated, as I'm a bit worried about this.
Thanks.
 
Thanks for the links. I have already read them but I'm still not sure where I stand and was hoping someone could let me know.
 
Did you read this section

Capital and property not personally used

Capital includes property (not your home), savings and investments.
If you own property (excluding your home) or you have investments or any other form of capital, the value is assessed, using a standard formula (see below) whether or not you are getting an income from the property or investment.



If property is rented you will not be assessed on the actual income from the letting. Any outstanding mortgage registered against the property is deducted from the market value to find the capital value.


The property and investments that may be assessed include savings in a bank account (or anywhere else), a house that you have let and stocks and shares. If you or your spouse, civil partner or cohabitant saves a portion of your social welfare payment each week, these savings as well as savings from most other sources will be taken into account as part of your means.


The formula for assessing the value of capital including property (but not your own home), savings and investments is as follows:


First 20k of Capitol = Means Nil
Next 10k = €1 per 1,000
Next 10k = €2 per 1,000
Bal 40k+ = €4 per 1,000
Click to expand...
 
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