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Bang goes your inheritance

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    #32
    plodder
    Registered Users Posts: 7,238 ✭✭✭plodder


    NewDubliner wrote: »
    It' been missed in the post-budget analysis so far that the government will restrict tax relief on medical expenses to the standard rate of tax.

    In a sitiuation where a family pays to keep a relative in a nursing home, the tax relief (covering up to 41% of the cost) will now be halved.
    Apparently, that is contingent on this new scheme coming into force first.


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    #33
    nesf
    Registered Users Posts: 27,645 ✭✭✭✭nesf


    NewDubliner wrote: »
    It' been missed in the post-budget analysis so far that the government will restrict tax relief on medical expenses to the standard rate of tax.

    In a sitiuation where a family pays to keep a relative in a nursing home, the tax relief (covering up to 41% of the cost) will now be halved.

    It's in the small text and it's been confirmed by multiple ministers that the reduction in tax relief on medical expenses won't apply to tax relief claimed on nursing home charges.


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    #34
    mountainyman
    Closed Accounts Posts: 2,268 ✭✭✭mountainyman


    Mr.Micro wrote: »
    Parents bring up their children, so they in turn should be ideally cared for by their offspring. Not always possible I know, as the parent(s) may need 24 hour help,or have dementia, alzheimers disease whatever. At least the new leglislation may give rise to families collectively taking on their moral responsibilities to the elderly instead of relying on the state as it will now cost a good or all of their inheritance.


    Looking after children is its own reward. Looking after the elderly isn't.
    Frankly if old people have a problem with this stop voting for Fianna Fail.
    MM


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    #35
    mountainyman
    Closed Accounts Posts: 2,268 ✭✭✭mountainyman


    Mr.Micro wrote: »
    Ireland is going down the route ( has already in many areas in reality) of private health care and insurance.

    Fianna Fail will do what is expedient. Market fundamentalism is dead for our lifetimes. Who knows what will happen.


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