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CWO

  • 24-11-2011 12:53pm
    #1
    ontour
    Closed Accounts Posts: 330 ✭✭


    Does the community welfare officer take capital value of land or if there was a loan secured on the land would he deduct the loan amount from value?


Comments

  • #2
    Lugh Ildanach
    Registered Users, Registered Users 2 Posts: 522 ✭✭✭Lugh Ildanach


    Capital value is the market value minus outstanding loans on it.

    Its not as clear as it should be though. For example for non-SWA payments, the position is clearly spelled out in Operational Guidelines here http://www.welfare.ie/EN/OperationalGuidelines/Pages/meansassess.aspx

    The guidelines for SWA do not specify, see here http://www.welfare.ie/EN/OperationalGuidelines/Pages/swa_meansass.aspx but logically speaking the value of a mortgaged property to you is not the full market value, but the value once you have paid off any loans. You cannot be assessed as having the value of property that you do not have access to!!


  • #3
    LovelyHurling
    Closed Accounts Posts: 955 ✭✭✭LovelyHurling


    As far as I know they do take the capital value of the land on board, but elsewhere on most applications they take any loans or mortgages on board too.

    So if they do wholly or partially cancel one another out, that ought to be taken on board by the CWO.


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