Hi,
If Fair Deal is not suitable financially, I understand the best route to go is pay privately and claim tax relief at 40%. My elderly mother doesn't pay tax @ 40%.
How would you organize a member of the family who pays tax @ 40% to take on this responsibility without causing strain on their finances - would they have to pay out large amounts to nursing home before they can claim it back? Could my mother's pension be paid to them? Would that constitute extra income or would it be regarded as a gift? Any advice very welcome.
Thanks
Ardman
If Fair Deal is not suitable financially, I understand the best route to go is pay privately and claim tax relief at 40%. My elderly mother doesn't pay tax @ 40%.
How would you organize a member of the family who pays tax @ 40% to take on this responsibility without causing strain on their finances - would they have to pay out large amounts to nursing home before they can claim it back? Could my mother's pension be paid to them? Would that constitute extra income or would it be regarded as a gift? Any advice very welcome.
Thanks
Ardman