Dáil Éireann Debate, Wednesday - 6 May 2015
502. Deputy Willie Penrose asked the Minister for Education and Skills if she will set out in detail the way the inheritance of a sum of money is dealt with when assessing the reckonable income of the parents of a dependant student in respect of the student grant scheme 2015; and if she will make a statement on the matter. [17734/15]
Amharc ar fhreagraArticle 24(6) of the Student Grant Scheme 2015 provides that gifts or inheritances received in the reference period will be included as reckonable income.
If any of the persons whose income is under consideration received a gift or an inheritance in the reference period, these are included in reckonable income, unless in the case of an independent student, the gift or inheritance was between the applicant and his or her spouse, civil partner or cohabitant; or in the case of a dependent student, the gift or inheritance was between parents or to the applicant from his or her parent(s).
It will be necessary for the persons whose income is under consideration to complete a Gifts and Inheritance Form (available from their grant awarding authority) unless the gift or inheritance is covered by one of the exceptions outlined above.
