Fair Deal real world example and Case Study

If the patients main residence (asset) was transferred over for zero money to her son 4 years ago, does the patient still pay the 7.5% value of the market value of the property?
 
They say they look at assets (cash & property) transferred within 5yrs. What they do in practice I have no idea.
 
Yes. They check for assets transferred and main residence will the first asset checked.
 
As far as I am aware it is correct and up to date.

On AAM there are many posts on Fair Deal and various links.

I think the above mentioned http://myfairdeal.ie/ site with its calculator and their explanation of the scheme, terms, conditions, important notes etc is the best and most informative one stop shop for anyone considering Fair Deal.
 
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