SVI40 wrote: »
The property only comes into the fair deal once the person passes. If they are in the home for one year, the state get 7.5% of the value. If they are in it for 20 years, the state only get 3 X 7.5% of the value, 22.5% in total.
If you sell the property before the person passes, the equity is taken as income / savings and will be used to pay a greater portion of the persons contribution to their care.
As far as I'm aware, you cannot rent the property once it is part of the fair deal scheme.