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Fair deal scheme

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  • 25-09-2022 12:37pm
    #1
    breneuro
    Registered Users Posts: 2 ✭


    Hi, can anyone explain to me why I can't sell the family home and leave it vacant in the middle of a housing crisis in order to satisfy the fair deal scheme.Would it not make more sense to sell it now and pay the money owed for FDS in advance and let the house be a home again.I know I can rent it out but I'm not interested in that, thanks.

    Post edited by Spear on


Answers

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    #2
    Spear
    Moderators, Computer Games Moderators, Technology & Internet Moderators, Help & Feedback Category Moderators Posts: 25,285 CMod ✭✭✭✭Spear


    Moved to a forum that's related to the topic instead.



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    #3
    gipi
    Registered Users Posts: 2,966 ✭✭✭gipi


    According to citizens information, the home can be sold, and the net proceeds will be assessed for 3 years at the same rate as the property. This isn't mentioned on the HSE page on fair deal.

    For some reason, I can't post a link to the citizens information page.



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    #4
    breneuro
    Registered Users Posts: 2 ✭breneuro


    Thanks for your help, still not sure about what to do, but I'll go and have a talk with citizen advice and see what they say, cheers breneuro



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    #5
    Trampas
    Registered Users Posts: 7,650 ✭✭✭Trampas


    If you keep the home you pay the charge on it for 3 years. If you turn it into cash then you pay a charge forever like any other asset you have?



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    #6
    breakemall
    Registered Users Posts: 282 ✭✭breakemall


    https://www.boards.ie/discussion/comment/119678719#Comment_119678719

    That changed last October, I know because I have just gone through the process with a relative.

    You can now sell the family home and the proceeds are assessed for three years as if it was still a property, and not assessed as a cash asset.



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