Irish tax reliefs to help elderly stay in their homes
24 November 2014
Posted by: Author: Jason Gorringe
Author: Jason Gorringe (Tax-News.com, London)
Government has announced that the level of tax relief available to help with
the employment of a professional nurse or carer in the home will rise from
EUR50,000 to EUR75,000 a year.
Under the present
rules, tax relief at the top rate of income tax can currently be claimed up to
EUR50,000 a year. The revised cap is included in a new amendment to the Finance
Act, introduced by Finance Minister Michael Noonan.
Kathleen Lynch, Minister of State with responsibility for Disability, Older People,
Equality and Mental Health, the change will allow families to continue to care
for incapacitated elderly relatives within their own homes. The Government also
hopes that it will free up nursing home beds and help to relieve pressure on
hospitals, as a proportion of the 800 delayed discharge patients currently in
hospital could then be cared for in their homes.
Fine Gael lawmaker
Gabrielle McFadden welcomed the news. She said: "This will make a big
difference to families in terms of affording these costs. Older people do
better at home. They retain their independence and are more comfortable in
their own surroundings. Of course it is not always possible for people to
remain in their own homes for as long as they wish for medical and other
reasons. However this new relief aims to help people with the financial costs
involved in staying at home where they need additional support."
This article first appeared on tax-news.com.