K
www.welfare.ie Means Assessment said:The house in which a person resides, together with furniture and personal effects is not assessed.
You are good Welfarite! Thats a valid point indeed. But another way of looking at it is that the only constant that is there is that you will always have a mortgage and owe money on it. The value of the house can fluctuate.The house could be unsellable in current times,even far into the future. So based on that I still think that the mortgage value should be deductible. Going back to Dubinamerica's mail, he states that he knows someone who went through the JA process and the mortgae was deducted. Do you think that could be the case?
Mortgage is deducted when assessing capital value
welfarite does this mean if one had money in a 1 year fixed term account and it wasnt available to them, then it wouldnt count as means?
Sorry to be pulling this old thread up but i did a search instead of a repost, Can someone explain this to me?As a general rule, only capital that can be accessed or can be liquidised is assessed.
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