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Yes, the current system massively disfavours renting (you are getting 20% only of the net profit after tax for taking all of the risk and cost/hassle) and also any sale of the house (so as to put it back into the market and allow another family/occupier to enjoy it). Along the way, that system...

I understand (perhaps among other tweaks) there is something going before Government to deal with the anomalous treatment of ARFs but I have no specific information beyond that

Seems like this would be a function of (a) the amount payable for your nursing home (it varies but the HSE rates are published and accessible on Citizens Information), (b) your assessable income, and (c) your assets. Once the 80% of income and 7.5% of assets exceeds the cost of your nursing home...

It seems HSE do not treat drawdowns as assessable income (see my most recent general post in this thread)

I know this thread is a little stale but I got a meaningful clarification from HSE yesterday which I wanted to share. We are looking at a situation similar to the OP. ARF and wondering if money taken from the ARF would be counted as income (which would effectively mean a fairly punitive double...

This is not correct (or at least only partially correct). Just because you gift a house doesn't give you any right to reside or protection against being thrown out later if the gift is outright and unconditional. That said, your parents would need to be independently legally advised in...

Reviving old thread I know but, to avoid the apparent double-counting of assets and income, what's to stop someone nominally taking no income out of their ARF, paying the 7.5% of fund value as asset based contribution and filing with Revenue on the basis of the 7.5% drawdown?

Hi all, I am looking to find out if any banks nowadays are still offering offset mortgages (where the money held in a current account is set off against the mortgage for the purposes of computing the interest due). I have been asking the question of BOI but can't get a straight answer...

One good think is that this sector is pretty well regulated (legislatively anyway) even if the Office of the Director of Consumer Affairs is a bit of a waste of time. Check out section 19 of the Package Holidays and Travel Trade Act 1995. This law is one of the reasons why (reputable) travel...

Weren't gyms taken to task recently by some regulator or other over the clarity of their terms and conditions? If memory serves, the gist of the complaint was that elements of their terms and conditions constituted unfair terms for the purposes of the EC (Unfair Terms in Consumer Contracts)...

Suggest you get onto Visa sharpish as any kind of action against the guys in the UK is going to be prohibitively expensive and protracted and there's a v strong chance you'll be left with nothing to show for it at the end (search for "unsecured creditor" anywhere else on the site and you'll see...

If a charge was described as "discretionary" in that way I'd nearly feel duty-bound to exercise my discretion and not pay it! (though I'm almost always happy to tip 5-15% of the bill and, like many others above, prefer to do so in cash wherever possible). If it is the restaurateur on the make...

Maybe I am being a little harsh but given the amounts you are talking about can you be talking about more than a fiver in the difference? How much is the time it's going to take you to follow this up worth? Seems to me like you should put one call into the card company and ask them as sweetly...

Consider yourself fortunate to have paid by CC as you have a better than average chance of getting reimbursed by the card company if the supplier goes bust. In these days and times everyone should be wary about paying any cash / cheque deposit more than they can afford to lose and almost...

For my money this is a no-brainer. If it's good enough to licence lenders here and lenders and collectors in the UK I fail to see any reason why debt collectors should not be licensed here.

I like the innovation of the idea but I can't agree that this transfer of debt to third parties is a good idea. By all means take your negative equity when you move but stand behind your commitment.

Maybe this is not obvious but an effective bankruptcy reform will go along way toward solving the negative equity problem to the extent it needs to be solved. If banks know they have to deal sensibly with a borrower who cannot afford the mortgage that will be a big step forward. A scheme to...

I also cannot see any argument in favour of excluding business activities from debt settlement. Existing bankruptcy laws don't differentiate between someone who goes bankrupt because they've been playing the horses (consumer debt) and because their shop has gone bust (business debt)

My biggest concern with this is that the consultation is pretty meaningless since any law put together by anyone with even half a brain in 2010 will be light years ahead of our current laws. The real problem is that many LRC reports end up gathering dust so everyone who has debt worries or...