Dáil Éireann Debate, Tuesday - 27 September 2022
450. Deputy Noel Grealish asked the Minister for Health if he will provide a timeframe for when rental income from renting out the family home will be deemed exempt under the fair deal scheme; and if he will make a statement on the matter. [46675/22]
Amharc ar fhreagraThe Government has approved a policy change to the Nursing Homes Support Scheme “Fair Deal”, to incentivise applicants to the Scheme to rent out their principal residence after they have entered long term residential care. The rate of assessment for rental properties will be reduced from 80% to 40% for income from all principal residences. This will be reviewed after six months of operation, with the potential for further amendment after that point. This policy change addresses the commitments made under Housing For All Action 19.8.
The change was made through Committee-Stage amendment to the Regulation of Providers of Building Works and Building Control (Amendment) Bill 2022. The Bill was approved by the Oireachtas on 30th June and signed into law by President Higgins in July. The necessary administrative and operational changes are currently being made. Once these are in place, the amendments will be commenced imminently.
