If you sell your principal home within the 3-year period of entering the Fair Deal Nursing Home Scheme, the sale proceeds are counted as a cash asset and will be subject to the 7.5% contribution for a single person or 3.75% for a married person only until the person is in care for three years. After this the net proceeds are exempt.
Tom Murray discusses the need for early succession planning in farming families to manage care costs and safeguard assets in The Irish Farmers Journal....
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