Hi everyone,
My dad is now in an emi care home and getting settled. He has good and bad days - wants to go home at times but we don't believe he would be safe. He went in for respite with a view to long term care and it appears he will be staying. We have met with the financial assessor from social services who said we could rent out his house to pay towards his care costs. This would mean building up a debt that would be repaid on the sale of the house. The assessor urged us to strongly consider this as opposed to seeling the house now - she was very supportive. I heard that this income to pay for his care would be tax free. Is this right? Does anyone have any info on this?
Many thanks for this and all the support I was given in making the difficult decision for him to go into care.
XXX
My dad is now in an emi care home and getting settled. He has good and bad days - wants to go home at times but we don't believe he would be safe. He went in for respite with a view to long term care and it appears he will be staying. We have met with the financial assessor from social services who said we could rent out his house to pay towards his care costs. This would mean building up a debt that would be repaid on the sale of the house. The assessor urged us to strongly consider this as opposed to seeling the house now - she was very supportive. I heard that this income to pay for his care would be tax free. Is this right? Does anyone have any info on this?
Many thanks for this and all the support I was given in making the difficult decision for him to go into care.
XXX