Due to being on a low private pension I was entitled to quite a lot of Council Tax Reduction. I have an asset other than my house worth £6800 which I declared to the Council two years ago when applying for Council tax benefit. The Council reduced my Council tax benefit by £6 per month because my other asset was valued over £6000. I was able to pay the Council tax despite having a small reduction in the benefit. Now under the new rules I loose all Council Tax reduction due to having an asset worth over £6000. I now have to pay the full amount despite being on a small private pension. I do have a debt which is around £2000 which I assumed could be subtracted from my asset. Sadly the Council have told me that debts cannot be subtracted from assets. I find this ruling extremely strange. I thought that debts were balanced against assets in a court of law but obviously I have been proved wrong by my local Council. My local Council have told me that I can sell my asset and then obtain Council Tax reduction based upon my pension income. However, they said that I must dispose of the money and not invest in land or property in order to be entitled to Council Tax Reduction. I asked the Council if owning a £130,000 Aston Martin would count as an asset. They said that cars don't count as an asset !! Comments welcome, I am amazed with Council Tax rules and regulations. Seems to me that they are hammering poor people to allow rich people to keep their Aston Martin's. Since when was £130,000 less than £6000?