Statutory Instruments

The Nursing Homes Support Scheme (Allowable Deductions) Regulations 2010

The effect of these Regulations is to expand part (a) of the definition of “allowable deduction” to include borrowings in respect of a person’s principal residence. The effect of this amendment will be to allow people to deduct the full value of mortgage repayments from their income prior to calculating their income-based contribution (“weekly assessed income”). Where an individual chooses to avail of this deduction, he or she cannot also seek to offset the same mortgage against the value of the asset concerned

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