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I have recently received a gift of 100,000 pounds from my Mother who recently inherited this sum. This gift is to help me and my wife buy a house. However as my Mother is still receiving means tested benefits I was informed that this gift could be deprivation of capital, is this true? If so what would be the consequences potentially for A. My Mother B. myself legally? basically do I need to give this gift back?
Thank you , that is very helpful and I will look to act on that and get her to declare this. One final question, in this scenario am I liable for prosecution?