So my brother is correct if they sell the house and transfer the proceeds and don't apply for five years no tax will be payable on the value of the house.
In fact they can transfer her savings too and they won't pay any tax on that either.
So my mother having been deprived of all her assets,and they are moderate, I would say within the limits of the threshold, she will then be accepted for the scheme? Surely everybody could do that.
Regarding her income. The rational behind my brother paying the Nursing Home bill of €850 a week was that he would claim the 40% tax relief and mum would pay the difference ie approx €500 as that was all she could afford per week from her income. I doubt that she has more than €50,000 in other savings.
Does she have to have a house or property or land to qualify?
Are there any other pitfalls to consider?
Thanks for your prompt reply
In fact they can transfer her savings too and they won't pay any tax on that either.
So my mother having been deprived of all her assets,and they are moderate, I would say within the limits of the threshold, she will then be accepted for the scheme? Surely everybody could do that.
Regarding her income. The rational behind my brother paying the Nursing Home bill of €850 a week was that he would claim the 40% tax relief and mum would pay the difference ie approx €500 as that was all she could afford per week from her income. I doubt that she has more than €50,000 in other savings.
Does she have to have a house or property or land to qualify?
Are there any other pitfalls to consider?
Thanks for your prompt reply