Buying a house without losing disability allowance

Night owl gal

Hi folks

Just wondering is it possible to buy a house but without losing your disability allowance?

Thanks

Dempo1

Deleted for reasons Below

Cherry Blossom

Are you asking on behalf of the person who keeps opening new accounts here then sends me unsolicited pms asking questions they won’t post on the thread in case social welfare sees?

First they were inheriting money and a site and wanted to build a house, then they wanted to sell the site and buy a house. After that they wanted to put a camper van on the site and call it their primary residence and lastly they wanted to get a bank overdraft to build a house and have a family member go guarantor on it and pay they back from a future inheritance. If you are this this person the issue with DA is not buying or building a house. The issue is receiving the inheritance. If the person is still alive and well can they not build/buy the house and gift it to you. You will have to pay inheritance/gift tax anyway regardless of when you get the inheritance/gift. There is no difference between the two.

Gremlinertia

The OP is genuine here

Atlantic Dawn

Are you talking about

• buying one with getting a mortgage
• buying one with fully declared funds
• buying one with undeclared funds that literally came out of a magic fountain at the bottom of your garden.

If the funds were previously declared there should be no issue, with the other options it's highly unlikely you will have any chance of purchasing without running in to problems.

Night owl gal

Hi all, OP here

is a genuine question

I'm talking about buying one with getting a mortgage

For the initial buying of the house, would I run into problems if the money wasn't my own (ie a family member brought the house/paid for it) as I wouldn't be able to pay for the initial sale on my own?

Geuze

If somebody else buys you a house, and gifts it to you, you may be liable to CAT.

Night owl gal

https://www.boards.ie/discussion/comment/117887589#Comment_117887589

Ok thanks. What's CAT?

Gremlinertia

Capital acquisitions tax, have you asked citizens information about this?.

Geuze

Capital Acquisitions tax

https://www.revenue.ie/en/gains-gifts-and-inheritance/cat-thresholds-rates-and-aggregation-rules/index.aspx

Night owl gal

https://www.boards.ie/discussion/comment/117887610#Comment_117887610

Thanks for that😀 No I haven't. I did a bit of googling but wasn't having much luck with that, so decided to ask here.

Gael23

I’m aware of a case of a vulnerable lady who was bought a house by a family member . She received a letter threatening to stop her payment but when the circumstances were outlines I believe the situation was resolved

Cherry Blossom

If you are paying back the family member the money they give you then it’s a loan not a gift and there would be no CAT to pay.