Nursing home (Fair Deal Scheme) loan
Overview
Ancillary State Support is commonly referred to as the ‘Nursing Home Loan’. This loan is part of the ‘Fair Deal Scheme’ administered by the Health Service Executive (HSE).
This loan applies where the person in nursing home care has assets, including land and property. They may delay paying for their care until after their death, using these assets to secure the loan.
Note
The loan is paid directly by the HSE to the nursing home. You cannot claim health expenses on the amount paid by the HSE to the nursing home.
When the loan is repaid, the repayment may be claimed under the heading of health expenses by:
- you against your Income Tax liability
- or
- the executor of the deceased’s estate against the Income Tax liability of the deceased person.
To avail of this relief, there must be an Income Tax liability. Any repayments due may be reduced if you or your estate owe Income Tax to Revenue for an earlier year.
Next: The role of Revenue and the Health Service Executive (HSE)