This page provides an overview of the benefits available.There are two types of benefits available, housing benefit and council tax support, you can find further information on both below.If the holder decides to buy or sell the underlying instrument (rather than allowing the contract to expire worthless or closing out the position), he or she will ) of a call contract may exercise his or her right to buy the underlying shares at the specified price (the strike price); the buyer of a put contract may exercise his or her right to sell the underlying shares at the agreed-upon price.If the buyer chooses to exercise the option, he or she must inform the option seller (the of the option contract).
You cannot claim if you are renting from a close relative who lives in the same house, and you cannot claim if you are paying a mortgage on the property.
Exercise means to put into effect the right specified in a contract.
In options trading, the option holder has the right, but not the obligation, to buy or sell the underlying instrument at a specified price on or before a specified date in the future.
We explain more about the roll-out on the roll-out timetable page Both working tax credit and child tax credit will be subsumed into the new credit, along with income-based Job-seekers allowance; income-related Employment and Support Allowance; Income support and Housing Benefit.
Where Universal Credit is available via the ‘digital service’, most claimants will no longer be able to claim these legacy benefits.