Re: Care fee`s and the sale of a home


"Simon Finnigan" <SimonFinnigan@xxxxxxxxxxx> wrote in message
news:fs2tri$buk$1@xxxxxxxxxxxxxxxxxxxxxxxxxxxx
Hi all,
I was discussing this today with a friend, entirely hypothetically.
Imagine that my parents own a house, but don`t want it to be used to pay
for their care in old age, which is coming up. They sell the house to a
company that then rents it back to them for a small fee, in exchange for
them being able to live there for the rest of their lives, after getting
say 70% of the value of the house paid to them.

They give this money to their child, and within a short time they need to
go into care. My friend sys that the council can take the money back
somehow - is this correct?

No.

But if you (being the mum's child, in your example) expect the council to
arrange your mum's care & accommodation, then the council will charge.

The reason is simple - council tax payers shouldn't have to pay for a
dishonest, cheating mum.

Or, rather, the mum's heir (who could easily avoid the problem by murdering
mum as soon as she needs care; then they/you won't need the inheritance).

Like it or not, all kinds of things in this country are means tested -
including many taxes. Lying about your means falls into the same category
as fraud, theft, etc.

HTH



.

Quantcast