Hi,
What happens at year 14 in the Fair Deal Scheme when over 100% of a land asset (which does not qualify for the 3 year land cap) has contributed to the cost of care?
Is the land revaluated so that say if it has increased in valued from €400K at initial valuation in year 1 to €500K in year 14, that the 7.5% per annum continues to be deducted from the additional €100K ?
Thanks,
What happens at year 14 in the Fair Deal Scheme when over 100% of a land asset (which does not qualify for the 3 year land cap) has contributed to the cost of care?
Is the land revaluated so that say if it has increased in valued from €400K at initial valuation in year 1 to €500K in year 14, that the 7.5% per annum continues to be deducted from the additional €100K ?
Thanks,