Article 24(6) of the Student Grant Scheme 2023 provides that gifts or inheritances received in the reference period are included as reckonable income. An applicant can, however, re-apply for subsequent years of their study as the inheritance amount is taken into account for one year only.
If any of the persons whose income is under consideration received a gift or an inheritance in the reference period, these are included in reckonable income, unless in the case of an independent student, the gift or inheritance was between the applicant and his or her spouse, civil partner or cohabitant; or in the case of a dependent student, the gift or inheritance was between parents or to the applicant from his or her parent(s). Expenditure from an inheritance, such as purchase of a car to travel to college is not counted as an income disregard for student grant purposes.