Do Applicants of Fair Deal Scheme Enjoy Tax Relief?

 

Fair Deal Scheme in Ireland is indeed fair, and there is practically no doubt in the statement. It is a reason why many elderly residents of the State are living independently without seeking financial support from any of their relatives. It also covers certain therapeutic activities and appliances to support daily living.  Apart from the intrinsic benefits, what else do you think are they enjoying? The most significant advantage of paying your part of the contribution towards nursing home care is Income Tax (IT) relief. This is applicable if the applicant receives on-site nursing care for at least 24 hours. Believe it or not, the exemption offered by the Irish government saves quite a portion of the applicant’s income. No wonder the Nursing Home Support Scheme is so popular across the country!

Now the question is when can you claim the IT relief, and on which sum is it applicable? Applicants are mostly confused about them. The post shall answer their doubts today and be their Nursing Home Support Scheme guide in tax relief matters.

Fair Deal Scheme and Tax Relief

As we all know, the contribution towards nursing home care is halved between the applicant and the HSE in Ireland. Tax relief applies to the prior. What about the Nursing Home Loan Scheme? Since the HSE bears it for individuals deferring their healthcare costs by using their assets as security, there is no point in asking for tax relief on the amount. However, upon the beneficiary's death, if a family member repays the loan on the applicant’s behalf, the same person can claim IT relief on the sum.

During a specified tax year in one or two odd circumstances, an applicant can be lucky to receive an exemption on nursing home expenses. The sole condition is to get in touch with a Revenue Officer. You may have to share your claim details for the request to process.

Postscript:

You must be wondering what can be the next course of action. How can you or your relative claim the tax exemption on nursing home bills? Fret not when Fair Deal Advice is here! The advisory body mostly deals with cases of the Nursing Home Support Scheme. It has also helped many make plans for it, complete the application form and guided them through the process. You can always seek assistance from them in matters of IT relief.