Capital Gains on OPFP Means Test

Welfarite said:

You cannot be assessed with the value of your PPR.

Click to expand...

Assessment of house property

Property covered by this rule includes houses (other than a person's own home), buildings or land owned but not personally used or enjoyed.
The house in which a person resides, together with furniture and personal effects is not assessed.
Property must be capable of being sold, let or put to profitable use before a capital value assessment is applied.
The most common example is where a person owns a second house. If the house is let, the owner is assessed with the capital value of the property, not with the income from the letting. Similarly, the market value of leases and ground rents is assessed as capital; the income is not assessed.

Any outstanding mortgage registered against the property is deducted from the market value.

Click to expand...

Ildánach said:

Essentially the way that the clawback works is that it acts like a charge against the property, so again the value of any clawback that would be applied at this stage should be taken into account, there's at least a strong argument for it, as you don't have access to the full value of the property.

Click to expand...