I have a question on how transferred cash assets are handled in the Fair Deal scheme. There have been a number of posts on this previously and I think I understand how it works but I'd like to check to make sure. I think the rule is that any gift/transfer of cash assets made in the 5 years prior to (or after) the first application for the Fair Deal scheme is included in the assessed cash means for the lifetime of the applicant. Thus it is not the case that the gift/transfer is only included for 5 years after the date of transfer or 5 years after the date of first application. Is this correct? Scanning through the legislation I noticed that the "or after" clause was added in 2015. I guess some people figured out/claimed that a transfer made on or after the application date should not count towards the assessed means, as it was not made "in the 5 years prior". I wonder how many people took advantage of this loophole, or tried to.