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I now see that the rules have changed and owners in fair deal can now keep 100% of rental income and it is exempt from fair deal assessment. As my mother would now get approx 2100pm for her house,would this make more financial sense than 800 tax free? She has only a basic income of social...

I am currently doing this. The house is in Fair deal and I was volunteering with the Ukrainian refugees so offered it and we are now in receipt of the ARP. The idea was this would help a family to get on its feet in Ireland as they couldn't afford to rent a house here (think HAP is still not...

Yes I think it’s likely we will go with Fair deal. Will apply for it straight away. She was managing at home up to 2 weeks ago but a standard illness has resulted in a dramatic decrease in her mobility. She is staying with me but going in to the nursing home tomorrow for 2 weeks respite. This...

Many thanks for the replies. We have a nursing home and she will be going to it. Really just questioning whether to use fair deal or fund it from her savings, renting her house and her small pension. Am an only child so issues with siblings don’t apply. Not fully clear - if we were using the...

Hi all Have been crunching the numbers - time has come for my elderly mother to go to a nursing home and we are considering the options. Have read up on the threads on the site and as always they are helpful. Would be interested in opinions on what’s best. The home is 1200 per week. If we do...

Thanks all. Based on what I had read here I did stop overpaying it about a year ago. That 200 euro now goes to saving every month as I didn't know what else to do with it. I will look at the Purchase of Notional Service as well as the AVCs to see which is better. Many years ago there were...

Age: 46 Spouse’s/Partner's age: 48 Annual gross income from employment or profession: 34k Annual gross income of spouse: 58k Monthly take-home pay Type of employment: Both civil servants In general are you: (a) spending more than you earn, or (b) saving? Saving but not...

Yes. I checked that out. My mother is the nominee in CU and on life ins. Unfortunately 60k is in single bank account and anything over 25k requires probate grant. Looks like it’s only that forcing me to go to probate.

Thanks. Think our union does have a deal with solicitors so will check it out. Estate includes PPR worth around 300k. Bank account has 60k, credit union of 7k and life ins about 5k. That’s it. No other properties, land, stocks or shares.

hi all I planned to probate my fathers estate but having gone through the revenue CA24 form I’m not sure I know enough to confidently do it. It’s a straightforward one with all passing to my mother so I thought it would be simple enough. I see I have to get a sworn oath by solicitor anyway...

Ok - am transferring 6k back to my parents. I was then going to transfer this from them to my spouse - to a credit union account solely in his name. Would this keep things clear and ensure I am using up our allowances for this year? If so, I will do the same in January for 2018 allowances. I...

Thanks folks. Didn't realise I could get this from each parent - thought it was 12k because 3k * 4 people (i.e. me, spouse, 2 kids) equated to that. Regarding the will - does this mean that they can leave some to my spouse as ant dee is suggesting which would use some of his lifetime allowance...

I am an only child to two elderly parents. They downsized their property earlier this year leaving them with 60k in cash. They are happy to gift this now to me but I want to manage this in the most tax efficient way and don't urgently need the money. Although I wouldn't now be liable for CAT...

God I love this site. Thanks people for that great breakdown of figures etc. You are right though - a rent of 1300-1400 would be more realistic and as it would likely be an apartment there would be an annual fee of 1000 (guesstimate). All that eats in to any likely profit. One other question...

Thanks for the replies. It's these issues that I'm keen to tease out to better understand. In terms of risk assessing this I would ask if these are valid points: Cons of property investment in the current market - Rent controls make it harder to get better returns (mitigate by buying carefully...

Mortgage is with BOI so no deals there. I understood from reading posts that many existing landlords were selling as they had been under charging rent to keep good tenants and were now not able to raise rents in line with new higher market rates. However if buying a property now you could...

Age: 44 Spouse’s/Partner's age: 45 Annual gross income from employment or profession: 34000 Annual gross income of spouse: 60000 Monthly take-home pay Type of employment: e.g. Civil Servant, self-employed : Both Civil Servants In general are you: (a) spending more than you earn, or (b)...

Thanks for the replies. House went on the market yesterday. Am finding it nervewracking as its such a big thing and need to hold my nerve. I know it will ultimately be better for us all but still feeling the effects of the huge responsibility that's on me. Just need to keep the end goal in...

Thanks for that folks. I've been considering the carers benefit and plan on talking to work to see what's possible. If I can I will try to get carers benefit even for the short term to get them moved and settled and support them. I will be looking to transfer their home help hours and this...

OK. So an update. Am in the process of putting their house up for sale. Have agreed 1% fee with the estate agent. Want to engage a solicitor - anyone give me a rough estimate of solicitors fees in Dublin for a sale and a purchase. In addition, there's a strong possibility that they will buy...