There is a question on the application relating to rights and privilege on principle residence. .
I am worried that the HSE may say because my relatives have life rights to live at home any periods spent in nursing homes must be paid for at 7.5% per annum.
Would that be 22.5% per person? My relatives are sisters not husband and wife.
Any update on the outcome of this?
Id like to know the rules regarding the relative having a right to live in the home which they do not own. Does that get assessed?
....If the right of residence is a benefit for the persons lifetime and has no resale value during the person's lifetime nor after they are deceased then I can't see how it will be classified as an asset.
2. A 'Life Interest' is deemed assessable and there is a table to enable the HSE calculate the value of that.
Hi Slim, that is interesting. Do you mean by "interest" an element of lifetime ownership rights or something else? Is there a link to where this is outlined and the associated table? Or can you elaborate in an example?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?