Q&As

Can profit from the sale of a business shortly before a spouse visa entry clearance application be relied upon as cash savings in relation to the financial requirement? If so, what evidence should be submitted?

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Published on LexisPSL on 04/05/2021

The following Immigration Q&A provides comprehensive and up to date legal information covering:

  • Can profit from the sale of a business shortly before a spouse visa entry clearance application be relied upon as cash savings in relation to the financial requirement? If so, what evidence should be submitted?

Can profit from the sale of a business shortly before a spouse visa entry clearance application be relied upon as cash savings in relation to the financial requirement? If so, what evidence should be submitted?

It is possible to rely on cash savings alone and to rely on the cash savings of either the applicant or their applicant’s partner as set out in Immigration Rules, Appendix FM, para E-ECP.3.2.(e), see Practice Note: Minimum income threshold: Category D—cash savings. The amount required if relying on cash savings alone (and there are no children also applying), is £62,500 see Appendix FM financial requirements guidance, Calculating Cash Savings - Appendix FM. Furthermore, it is also clear from Immigration Rules, Appendix FM-SE, para 1(i) that cash savings can include profits from the sale of a 'business, property, investment, bond, stocks, shares or other asset'. However, Immigration Rules, Appendix FM-SE, para 11A confirms that the cash savings must have been held for a period of at least six months.

The evidence required

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