HSE Press Release
Tuesday, 1st November 2022
Assessment rate for income from principle private residence is reduced to 40%
The Nursing Homes Support Scheme also known as Fair Deal has been updated to change the rate at which the income from renting the principal private residence is assessed at. Anyone in nursing home care supported by the Fair Deal scheme may now have the rental income from their principal private residence assessed at 40% rather than 80%.
A financial assessment sets out how much applicant will pay towards the cost of their nursing home care.
The change in the assessment rate takes effect from today, Tuesday, 1st November 2022.
An application form to avail of this is on Fair Deal Financial Assessment or from the Nursing Home Support Scheme Offices.
We also require copies of:
- Residential Tenancies Board Registration Approval Letter
- Rental Agreement showing the rental amount
- Latest Notice of Assessment from Revenue
In certain circumstances, if your home is not registered with the Residential Tenancies Board, it may still qualify for the reduced rate of 40% on home rental income. The Residential Tenancies Board can advise on the specific instances where this applies.
Any rental income received from a property which is not your principal residence will continue to be treated as general income.
Fair Deal provides financial support to people who need long term residential care. The amount you pay towards the cost of nursing home care depends on your income and assets. If you have little income and assets you pay less and if you have more income and assets you pay more. The scheme applies to approved public, private and voluntary nursing homes.
Last updated on: 01 / 11 / 2022