Income from Sale of Property

[X-rader]

Hi All,

I am on a Tire 1 (General) visa and wanted to ask a question regarding Income needed to claim Points.

If I was to sell my share in My property in UK to My Wife (Who is a co-owner - Tenants in common), would the Profit Earned from that sale count towards the Income needed to claim points.

Below is what I Found in Immigration Rules Appendix A, but its not quite clear as to how Profit from sale of Investment or Assets.

[b]Earnings[/b]
[b]23. Earnings include, but are not limited to: [/b]
(a) salaries (includes full -time, part-time and bonuses),
(b) earnings derived through self -employment,
(c) earnings derived through business activities,
(d) statutory and contractual maternity pay, statutory and contractual adoption pay,
(e) allowances (such as accommodation, schooling or car allowances) which form part of an applicant's remuneration package and are specified in the applicant's payslips,
(f) dividends paid by a company in which the applicant is active in the day-to-day management, or where the applicant receives the dividend as part or all of their remuneration package,
(g) property rental income, where this constitutes part of the applicant's business, and
(h) payments in lieu of notice.

[b]24. Where the earnings take the form of a salary or wages, they will be assessed before tax (i.e. gross salary).[/b]

[b]25. Where the earnings are the profits of a business derived through self-employment or other business activities:[/b]
(a) the earnings that will be assessed are the profits of the business before tax. Where the applicant only has a share of the business, the earnings that will be assessed are the profits of the business before tax to which the applicant is entitled, and
(b) the applicant must be registered as self -employed in the UK, and must provide the specified evidence.

[b]26. Earnings do not include unearned sources of income,[/b] such as:
(a) allowances (such as accommodation, schooling or car allowances) which are paid as reimbursement for monies the applicant has previously paid,
(b) any other allowances, unless part of the applicant's remuneration package and specified in the applicant's payslips,
(c) dividends, unless paid by a company in which the applicant is active in the day-to-day management, or unless the applicant receives the dividend as part or all of their remuneration package,
(d) property rental income, unless this constitutes part of the applicant's business,
(e) interest on savings and investments,
(f) funds received through inheritance,
(g) employer pension contributions or monies paid to the applicant as a pension,
(h) expenses where the payment constitutes a reimbursement for monies the applicant has previously outlaid,
(i) redundancy payment,
(j) sponsorship for periods of study,
(k) state benefits, or
(l) prize money or competition winnings, other than where they are directly related to the applicant's main profession or occupation.

Any help on this from anyone would be helpful.

[geriatrix]

Earning from employment / self-employment / business only.

[X-rader]

Thank you Sushdmehta for your reply.