Social security assessment of the principal home

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Social security assessment of the principal home"

Transcription

1 Social security assessment of the principal home FirstTech Strategic Update By Harry Rips, Technical Analyst The majority of Australians are homeowners, and the principal home is generally a client s most valuable asset. 1 For social security purposes the principal home (which includes certain adjacent land) is an exempt asset, regardless of its value. The social security legislation contains rules which define the principal home and how it should be assessed from acquisition to sale, during absences or transitions between homes, and when a part of the home is used for business purposes. Homeowner or non-homeowner The dwelling in which a client lives is used to determine whether they are a homeowner or non-homeowner. A client is a homeowner 2 if: 1 they (or their partner, or both) have a right or interest in the dwelling in which they live, and 2 the right or interest gives them reasonable security of tenure. 3 As such a homeowner can include 4 a client living in: a home that they own (or their partner owns), regardless of whether the home is owned outright or has a mortgage against it a home that they or their partner partly own (whether in a joint tenants or tenants in common arrangement) a home owned by a company or trust, in which they have an interest (eg, because they are a shareholder or director in the case of a company, or a trustee or beneficiary in the case of a trust). The home will be assessed as their principal home if they have reasonable security of tenure (which is established through a formal or written agreement or facts of the arrangement). a campervan, caravan, transportable home or boat that they own or partially own and reside in a special residence, such as a granny flat or retirement village interest, where the conditions for becoming a homeowner are met (for more information on special residences, please refer to the FirstTech Aged Care Guide). Where the conditions to be assessed as a homeowner are not satisfied, the recipient will be assessed as a non-homeowner. For example, a client who rents their home and does not have an ownership interest in the asset. Even where a client has contributed to the purchase of a principal home, they must have a right or interest in the home to be considered homeowners as illustrated in the example below: Justin receives free accommodation in the home of Theo. Justin contributed towards the cost of the property however he does not have a right or interest in the home (does not own or partly own the home) and does not have reasonable security of tenure. Justin is treated as a non-homeowner for social security purposes (also consider gifting implications in this example). 1 Australian Bureau of Statistics (2010) measures of Australia s progress. 2 Social Security Act (1991), Section 11(4). 3 Under s11a(10) of the Social Security Act (1991): If a person has a right or interest in the person s principal home, the person is to be taken to have a right or interest that gives the person reasonable security of tenure in the home unless the Secretary is satisfied that the right or interest does not give the person reasonable security of tenure in the home. 4 Guide to Social Security Law, s , see useful examples for both homeowner and non-homeowner. 1 of 6

2 Adjacent land, fixtures vs household items and renovations The amount of adjacent land considered to be part of a client s principal home depends on the usage of the adjacent land and is limited where used for domestic purposes. A generous exemption applies when an income support recipient satisfies the extended land use test (see below). Adjacent land and the private land use test The maximum adjacent land that can be considered part of a client s principal home under the private land use test is two hectares 5 (or five acres; the Department generously provides elasticity of 0.06 acres). The conditions are that the adjacent land is held on the same title document as the dwelling and the adjacent land is used primarily for private or domestic purposes. 6 Any land exceeding the two hectare threshold will not form part of the principal home and will be an assessable asset (unless the extended land use test is satisfied). Additionally any adjoining land on a separate title will generally be an assessable asset. It is important to note that the land immediately under a dwelling (ie, the area of the ground floor) is included when calculating the two hectare limit. Multiple titles and the private land use test The private land use test generally limits the exempt treatment of adjacent land up to two hectares to land falling on the same title document as the dwelling, meaning adjacent land on a separate title is generally assessable, even where the total adjacent land does not exceed two hectares. There are however three exceptions 7 to the single title rule. The exceptions are where: 1 The dwelling is located on both blocks of land. This exception does not extend to structures that are separate or not attached to the dwelling (eg, a second dwelling or a separate shed). 2 At least a part of the blocks of land are protected by law due to the land s natural, historic or indigenous heritage. 3 The alienation of one of the blocks of land without the other would seriously undermine the function of the dwelling. 8 The exception means that without the other block of land, the dwelling would be unable to perform: a. essential functions (eg, cooking, cleaning and sleeping), or b. essential housing related infrastructure functions without requiring connection to main water, power or sewerage services. 9 A mere loss of amenity, such as the loss of a swimming pool, garden, tennis court or view, would not seriously undermine the function of a house as a dwelling. Garage or storeroom associated with a flat or home unit If the client s dwelling is a flat or home unit, then a garage or storeroom will be included as part of the principal home and exempt if used primarily for private or domestic purposes in association with the flat or home unit. 10 Extended land use test All adjacent land on the same title document as a client s dwelling will be considered part of the principal home where the conditions of the extended land use test are satisfied. The extended land use test is designed to allow older Australians with a long-term attachment to farms and rural residential areas to avoid a forced sale and remain in their homes. A number of conditions 11 must be met to satisfy the extended land use test, this includes: The area of the land, together with the area of the ground floor of the dwelling is more than two hectares. The client (or their partner) must have reached age pension age and qualify for either Age Pension or Carer Payment (It does not apply for Disability Support Pension). The client lives in the dwelling (a temporary absence, usually up to 12 months is allowed). The client must have a 20 year continuous attachment to the land and dwelling. That is, they currently own the dwelling and land and have lived in the dwelling continuously for 20 years; or lived on the one property, in more than one dwelling, continuously for 20 years. The client is making effective use of the land. Centrelink weigh up a range of factors when considering whether a client is making effective use of the land including the location, the client s health and family situation, the current and potential use of the land, legal and environmental issues and whether titles have been amalgamated to gain an advantage (amalgamation of land after 9 May 2006, which does not improve the client s ability to support themselves, can result in the extended land use test being met). For a more detailed list of factors, refer to Appendix 1. Effective use of the land is not limited to the client (or their partner) working the land to its potential, and effective use of the land may be satisfied with a close family member working the land, where the land is leased and in certain circumstances where the land is not being worked if it has limited potential to generate an income Social Security Act (1991), s11a(3) 6 Ibid, s11a(1)(a). 7 Ibid, s11a(2)(a). 8 Social Security Act (1991), see note under s11a(2)(c) 9 Guide to Social Security Law, s , definition of title document and examples of exceptions to one title rule. 10 Social Security Act (1991), s11a(1)(b). 11 Ibid, s11a(6). 12 Department of Social Services (2014), Older rural homeowners factsheet, Guide to Social Security Law, s of 6

3 Renovating the principal home Maintaining or improving the principal home can be a useful strategy to reduce assessable assets (which also generally produce assessable income) and thereby increase a client s social security benefits. This is achieved where the client uses assessable assets (eg, cash) to improve the principal home which is an exempt asset. Items within the home fixtures vs contents and personal effects Permanent fixtures are regarded as part of the home and would usually be exempt (unless assessed due to business use). Personal effects and home contents within the home are assessed separately; they include furniture, art, electrical appliances (though not fixtures such as stoves and built in items), clothes and jewellery. Personal effects and household items are assessed at $10,000 unless Centrelink are advised of a different value (or unless the value given is significantly understated). 13 Assessment of the principal home Listed below are a variety of home ownership arrangements and their social security assessment. More than one home Where a client has more than one home, their principal home will be the home in which they spend the greatest amount of time. If an equal amount of time is spent in each home, the most expensive home will be assessed as the principal home. The home which is not assessed as the principal home will be included in assessable assets (even while the client or their partner lives there 14 ). Separate self-contained living areas A self-contained living area is an area with private or separate sleeping, cooking and bathroom facilities (eg, a granny flat). If a self-contained living area is vacant or let to a near relative then it is assessed as part of the client s principal home (near relative includes a partner, parent, sibling, child and adopted child). However, if the self-contained living area is let to a person other than a near relative, it is not considered part of the client s principal home and is an assessable asset. 15 In this case income received from the arrangement will be assessed under the boarding and lodging rules, where a percentage of income received is assessable income for social security purposes depending on whether accommodation and meals are provided or accommodation only. 16 Dual occupancy homes A dual occupancy home 17 is defined as a detached dwelling constructed on the same title as an existing dwelling where the title of the land is not altered. The assessment of a dual occupancy home is dependent on who pays the construction costs, whether the person living in the second dwelling has a beneficial or equitable interest in the dwelling and whether it is let to a near relative. Where the client paid the construction or purchase costs and the dual occupancy dwelling is: Vacant or let to a near relative (see definition of near relative above) the dwelling is considered to be part of the client s principal home and an exempt asset. Let to a person other than a near relative, the dwelling is not considered to be part of the client s principal home and is included in the assets test. Income is assessable according to rental income rules (generally based on the client s tax return, where assessable income is net income after allowable deductions). Where a person other than the client or their partner paid the construction costs for the dual occupancy dwelling and they have a beneficial or equitable right in the second dwelling, the dwelling is not considered to be an asset of the client. An age pensioner pays for the construction of a second house on the same title as his home so he can receive a small income. The house is let to a friend. The value of the second house is included in the value of his assessable assets. Rental income is assessed under the income test. An age pensioner s son pays for the construction of a house on his elderly mother s farm so he can work the property to its full potential. The house is on the same title as his mother s principal home. The son has receipts and an agreement with his mother that the house belongs to him for life. The value of her son s house is disregarded when assessing her assets. 13 Social Security Act 1991, s1118(3), Guide to Social Security Law, s , also see s1.1.p.235 for definitions. 14 Guide to Social Security Law, s Ibid, s , self-contained living areas. 16 Ibid, s , income from Boarders or Lodgers. 17 Ibid, s , Assessing dual occupancy homes. 3 of 6

4 Business operated out of principal home Where a business is operated out of a client s principal home, the treatment of that part of the home will depend on the details of the arrangement. 18 If part of the home is used for both business and domestic purposes then that part is exempt. However if a distinct part of the property is used for business purposes only then it will not form part of the principal home and will be an assessable asset (eg a property with a shop and a dwelling located behind the shop. If the shop is used only for business purposes then it will not form part of the client s principal home and will not be exempt). A home office is used for both domestic and business purposes and would be excluded from the assets test, whereas a room set aside for a doctor s surgery would not be part of the principal home. Land that is being farmed precluding any other use is assessable (this is a primary production asset, and does not fall under the private land use test as the land is not being used for domestic purposes) unless it falls under the extended land use test. On the other hand, grass where children play and on which farm animals graze can be an exempt part of the principal home. Campervan, mobile home, caravan or boat The principal home is not limited to a house or apartment. If an income support recipient resides in a campervan, mobile home, caravan or boat which they own and have reasonable security of tenure, they will be assessed as a homeowner. Holiday accommodation in caravan or mobile home Where an income support recipient has a principal home and decides to travel around Australia and live in a caravan or mobile home (for up to 12 months), they will be considered a homeowner and the principal home which they have temporarily vacated will be an exempt asset. Where the temporary absence exceeds 12 months, the former principal home becomes an assessable asset and the caravan or mobile home will be assessed as the recipients principal home (this could have significant social security implications, assuming the value of the former principal home exceeds the value of the caravan or mobile home). 19 Rent assistance and caravans or boats Rent assistance is generally not payable to homeowners, though there are limited exceptions. This includes a client who pays for the use of a site or structure, including rights to moor a vessel that is their principal home (eg, site fees for caravan or mooring fees for a boat). 20 Leaving the principal home Different implications arise between a permanent and temporary absence from a client s principal home. The social security legislation continues to exempt the principal home for a period of temporary absence but usually assesses the former principal home immediately on permanent absence. A concession also applies to exempt sale proceeds from the sale of a principal home for a period of time where the client intends to apply the proceeds to purchase another principal home. Temporary vacation of the home A client s home can continue to be treated as their principal home (ie, exempt) for up to 12 months where they are temporarily absent. This temporary vacation exemption can apply even where the planned temporary absence will exceed 12 months. After 12 months, the home will no longer be assessed as their principal home and will become an assessable asset (with higher non-homeowner assets test threshold applying). Any rent received by the client during their temporary absence is immediately assessable for income test purposes. Warning no temporary vacation exemption for permanent vacation The temporary vacation exemption only applies for temporary absences. The exemption does not apply for a recipient with a definite intention not to return to their principal home. Restarting the temporary absence Where a client has been temporarily absent from their home and then resumes occupancy (that is, they are living in the home, not just establishing residence to extend the exemption period), a new 12 month exemption period can begin upon subsequent temporary vacation of the home. 18 Ibid, s , Operating a business from their principal home. 19 Ibid, s , definition of homeowner; s , Holiday Accommodation. 20 Ibid, s , ineligible homeowners and RA, s , Holiday Accommodation. 21 Social Security Act 1991, s11a(9a). s of the Social Security Guide define reasonable attempts, reasonable time and delays beyond their control, 4 of 6

5 Extension of the 12 month temporary vacation exemption period The exemption period can be extended from 12 months to 24 months if the absence is due to the principal home being lost or damaged (eg, by natural disaster). All these conditions 21 must be met to satisfy the extension: the loss or damage was not wilfully caused by the client the client has made reasonable attempts to rebuild, repair or sell the principal home or to purchase and build another principal home the attempts were made within a reasonable period after the loss or damage, and the client has experienced delays beyond their control in purchasing, building repairing, or renovating another principal home. Permanent vacation of home and sale proceeds exemption Where a client permanently vacates their principal home (eg, to move into another home they own) without selling their former home, their former home will no longer be assessed as their principal home and will be an assessable asset (assessed on the current market value, less any allowable encumbrances against that home). Their new home then becomes their principal home and is exempt. Where the client sells their principal home to purchase another principal home an asset test exemption 22 applies to the amount of sale proceeds to the extent that the client intends to use them to purchase, build, rebuild, repair or renovate their new principal home. Sale proceeds that are not intended to be used for the new principal residence do not qualify for this exemption and are immediately assessable under the assets test. Sale proceeds means not only payments that have been applied to this purpose, but also monies (eg held in financial investment) which the person intends to be applied for that purpose. The exemption applies only for the assets test, not the income test. Under the sale proceeds exemption, the proceeds intended for use on the new principal home can be exempt for up to 12 months starting from the date of settlement. However, the exemption ends immediately upon the purchase of a new principal home, or completion of rebuilding, repair or renovation, or where there is no longer an intention to use the proceeds to purchase a new principal home. 23 Julian sells his principal home for $600,000. He wants to purchase an apartment and advises Centrelink that he intends to use $400,000 of the proceeds for this purpose. Only $400,000 will be exempt under the assets test for up to 12 months (he does not qualify for the extension). However the amount will be subject to the income test, which in this case means deeming as all the proceeds are invested in cash. The remaining $200,000 proceeds are immediately assessed for both assets and income test purposes. Marcus has a block of land worth $200,000 (with a $100,000 mortgage). He also has a principal home worth $300,000 which he has recently sold. He intends to use the sale proceeds to pay off the mortgage and build a new home on his existing block of land. The sale proceeds of $300,000 are asset test exempt as the client intends to use the proceeds towards a new principal residence. However the existing equity in the block of land ($100,000) is not attributable to sale proceeds and is an assessable asset. Once the new home becomes the principal home (which is constructed within the 12 month period) then all $400,000 will be exempt. Sale proceeds exemption extension to 24 months The sales proceeds exemption can be extended from 12 months up to 24 months 24 in some cases. The exemption can be extended where the client is: making reasonable attempts to purchase, build, repair or renovate their new principal home, and has been making those attempts within a reasonable period after selling their former principal home, and has experienced delays beyond their control in purchasing, building, repairing or renovating their new principal home. s of delays out of a client s control which could allow the extension to be accessed include: delays in obtaining building approval from a local shire council which has in turn delayed entering an agreement with a builder caring for a close family member in a separate location to the place the client is to build their new principal home where the client is hospitalised for an extended period, or demands on the building industry are stretched in a particular area, for example due to a natural disaster like a flood or cyclone. Sale proceeds exemption during temporary absence If during a temporary absence (during which time the principal home is an exempt asset), the principal home is sold, then as much of the sale proceeds that the client intends to use for a new principal home will be exempt for a further 12 months (or extended up to 24 months where extension requirements are satisfied). 22 Ibid, s1118(1b) 23 Ibid, s1118(2). 24 Ibid, s1118(2b), Also see s of the Social Security Guide for broader explanation of making reasonable attempts. 5 of 6

6 Absence relating to care situation Where a person vacates their principal home to enter a care situation, the home may be exempt for a period of two years, or where certain conditions are met, for the period that the individual is in care. For more information on the social security treatment of the former home on entering a care situation please refer to the FirstTech Aged Care Guide. Appendix 1 Factors determining effective use of the land In determining whether a person is making effective use of the land, the Secretary is to take into account the following matters 25 : 1 where the land is located 2 the size of the block of land 3 the person s family situation 4 the person s health 5 whether the land contains a dwelling or house occupied by a family member of the person, or a child of a family member of the person, receiving an income support payment 6 whether the land is being used to support: i a family member of the person, or ii a child of a family member of the person 7 any current commercial use of the land 8 any potential commercial use of the land 9 whether the person s capacity to make commercial use of the land is diminished because the person, or the person s partner, has responsibility for the care of another person 10 whether the block of land is an amalgamation of two or more blocks and, if so: i when the amalgamation occurred, and ii whether the amalgamation reduced the potential for the land to produce personal income or to support the person 11 environmental issues relating to the land 12 any other matter that the Secretary considers relevant. How to contact us Adviser Services Social Security Act 1991, s11a(7), for a more detailed analysis of factors refer to section of the Social Security Guide The information contained in this update is based on the understanding Colonial First State Investments Limited ABN , AFS Licence (Colonial First State) has of the relevant Australian laws as at 13 January As these laws are subject to change you should refer to our website at colonialfirststate.com.au or talk to a professional adviser for the most up-to-date information. The information is for adviser use only and is not a substitute for investors seeking advice. While all care has been taken in the preparation of this document (using sources believed to be reliable and accurate), no person, including Colonial First State or any other member of the Commonwealth Bank group of companies, accepts responsibility for any loss suffered by any person arising from reliance on this information. This update is not financial product advice and does not take into account any individual s objectives, financial situation or needs. Any examples are for illustrative purposes only and actual risks and benefits will vary depending on each investor s individual circumstances. You should form your own opinion and take your own legal, taxation and financial advice on the application of the information to your business and your clients. Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information. Colonial First State Investments Limited is also not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law /FS6147/0115 Adviser use only 6 of 6

Capital gains tax and the main residence exemption

Capital gains tax and the main residence exemption Capital gains tax and the main residence exemption FirstTech Most clients know that a capital gain made on the sale of their main residence is exempt from capital gains tax (CGT). However, things get more

More information

INTRODUCTION TO CAPITAL GAINS TAX

INTRODUCTION TO CAPITAL GAINS TAX INTRODUCTION TO CAPITAL GAINS TAX Ross Fiddes Consultant Whitelaw McDonald OVERVIEW For capital gains tax to apply in Australia, a CGT Event must happen to a CGT assessable Asset. The most common event

More information

Private Residence Relief

Private Residence Relief Helpsheet 283 Tax year 6 April 2013 to 5 April 2014 Private Residence Relief A Contacts Please phone: the number printed on page TR 1 of your tax return the SA Helpline on 0300 200 3310 the SA Orderline

More information

Public Trustee (Fees & Charges Notice) (No.1) 2015. Public Trustee Act 1978, section 17 PUBLIC TRUSTEE (FEES AND CHARGES NOTICE) (NO.

Public Trustee (Fees & Charges Notice) (No.1) 2015. Public Trustee Act 1978, section 17 PUBLIC TRUSTEE (FEES AND CHARGES NOTICE) (NO. Public Trustee (Fees & Charges Notice) (No.1) 2015 Section Public Trustee Act 1978, section 17 PUBLIC TRUSTEE (FEES AND CHARGES NOTICE) (NO.1) 2015 TABLE OF PROVISIONS Page PART 1 PRELIMINARY... 5 1. Short

More information

Factsheet IS72 Selling Your Home

Factsheet IS72 Selling Your Home Purpose Factsheet IS72 Selling Your Home This Factsheet explains how pension may be affected by the sale of a home, and what DVA needs to know. How will your pension be affected? Your principal home is

More information

COMMUNITY HOUSING INCOME AND ASSET LIMITS POLICY 2013

COMMUNITY HOUSING INCOME AND ASSET LIMITS POLICY 2013 COMMUNITY HOUSING INCOME AND ASSET LIMITS POLICY 2013 CONTENTS 1. Document History... 2 2. Purpose... 3 3. Scope... 3 4. Definitions... 3 5. Policy Statement... 5 6. Income Eligibility Limits... 5 6.1

More information

MOD. Real estate details. When to use this form. Definition of a partner. For more information. If you have a hearing or speech impairment

MOD. Real estate details. When to use this form. Definition of a partner. For more information. If you have a hearing or speech impairment Real estate details MOD R Return this form online or to one of our Service Centres by Your Centrelink Reference Number When to use this form Definition of a partner For more information If you have a hearing

More information

Commonwealth Rent Assistance, June 2002

Commonwealth Rent Assistance, June 2002 Commonwealth Rent Assistance, June 2002 A profile of recipients bulletin 14 Introduction Commonwealth Rent Assistance (CRA) is a non-taxable income supplement paid through Centrelink to individuals and

More information

Disability and Carer Payment Rates

Disability and Carer Payment Rates Disability and Carer Payment Rates 20 September 31 December 2006 Disability Support Pension Sickness Allowance Carer Payment Carer Allowance Mobility Allowance Disability Support Pension (DSP) Aged 16

More information

Directive on Housing for Schools and Adult Education Centers employees

Directive on Housing for Schools and Adult Education Centers employees Directive on Housing for Schools and Adult Education Centers employees Department responsible: Equipment Services Effective date: January 1 st, 2003 Approved by: Director General Amended on: June 20, 2003

More information

Smart strategies for reducing aged care costs 2012/13

Smart strategies for reducing aged care costs 2012/13 Smart strategies for reducing aged care costs 2012/13 Get the care you need at a lower cost Aged care costs can be very high and could increase as our population ages. The accommodation bond alone averages

More information

Queensland COMMUNITY AMBULANCE COVER ACT 2003

Queensland COMMUNITY AMBULANCE COVER ACT 2003 Queensland COMMUNITY AMBULANCE COVER ACT 2003 Act No. 34 of 2003 Queensland COMMUNITY AMBULANCE COVER ACT 2003 TABLE OF PROVISIONS Section Page PART 1 PRELIMINARY Division 1 Introductory provisions 1

More information

understanding your household workers insurance policy A guide to your policy cover and conditions

understanding your household workers insurance policy A guide to your policy cover and conditions understanding your household workers insurance policy A guide to your policy cover and conditions HHWPG August 2014 contents About WorkCover Queensland 3 About your household workers insurance policy 3

More information

Advanced guide to capital gains tax concessions for small business 2013 14

Advanced guide to capital gains tax concessions for small business 2013 14 Guide for small business operators Advanced guide to capital gains tax concessions for small business 2013 14 For more information visit ato.gov.au NAT 3359 06.2014 OUR COMMITMENT TO YOU We are committed

More information

Understanding social security Version 5.0

Understanding social security Version 5.0 Understanding social security Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to social security.

More information

ASPECTS OF FINANCIAL PLANNING. Taxation implications of overseas residency. July 2012

ASPECTS OF FINANCIAL PLANNING. Taxation implications of overseas residency. July 2012 ASPECTS OF FINANCIAL PLANNING Taxation implications of More and more of our clients are being given the opportunity to live and work overseas. Before you make the move, it is worthwhile considering the

More information

Advanced guide to capital gains tax concessions for small business 2012 13

Advanced guide to capital gains tax concessions for small business 2012 13 Guide for small business operators Advanced guide to capital gains tax concessions for small business 2012 13 For more information visit ato.gov.au NAT 3359 06.2013 OUR COMMITMENT TO YOU We are committed

More information

Your home and the age pension What you need to know

Your home and the age pension What you need to know Legal Issues for Older People Your home and the age pension What you need to know QUALIFYING FOR THE PENSION In Australia the age pension is not automatically available to everyone who is of age pension

More information

Assistance in the private sector. 11 Rent assistance in the private market...28. 12 Home ownership assistance...31

Assistance in the private sector. 11 Rent assistance in the private market...28. 12 Home ownership assistance...31 Assistance in the private sector 11 Rent assistance in the private market...28 12 Home ownership assistance...31 27 11. Rent assistance in the private market Rent assistance to tenants in the private rental

More information

If the top up amount is below 1000 then we will make a grant if it is above this amount then you will need to apply for an Equity Release Loan.

If the top up amount is below 1000 then we will make a grant if it is above this amount then you will need to apply for an Equity Release Loan. INTRODUCTION This document summarises the various policies that make up the Community Housing Strategy. This supports the Council s Housing Strategy and the Corporate Objectives set out in the Council

More information

Client Needs Analysis

Client Needs Analysis Date: YOUR DETAILS: Client Needs Analysis Full name (Client 1): Full name (Client 2): If Company and/or Trust: Company/Trust name: ABN/ACN: Registered address: Business address (if different from above):

More information

Ministry Of Finance VAT Department. VAT Guidance for Land and Property Version 4: November 1, 2015

Ministry Of Finance VAT Department. VAT Guidance for Land and Property Version 4: November 1, 2015 Ministry Of Finance VAT Department VAT Guidance for Land and Property Version 4: November 1, 2015 Introduction This guide is intended to provide businesses supplying land and property within The Bahamas

More information

Chartered Accountants & Business Advisers

Chartered Accountants & Business Advisers Your Guide to Tax and Property 2011/12 RITSONS hartered Accountants & Business Advisers www.ritsonsca.com Your Guide to Tax and Property Recent trends in the housing market have served to boost the popularity

More information

PUBLIC TRUSTEE SCALE OF FEES COMMENCING 1 JULY 2015

PUBLIC TRUSTEE SCALE OF FEES COMMENCING 1 JULY 2015 PUBLIC TRUSTEE SCALE OF FEES COMMENCING 1 JULY 2015 1 CHAPTER A PRELIMINARY PART 1 GENERAL 1. This Scale of Fees commences operation on 1 July 2015. 2. The Dictionary in Schedule 1 defines words and phrases

More information

[19.7.3] Disposals of Principal private residence (S.604)

[19.7.3] Disposals of Principal private residence (S.604) [19.7.3] Disposals of Principal private residence (S.604) 3.1 Relief is given in respect of the gain accruing on the disposal of a dwellinghouse (or part of a dwelling-house) which is a person's only or

More information

LOCAL PROPERTY TAX (LPT) A Public Information Guide

LOCAL PROPERTY TAX (LPT) A Public Information Guide LOCAL PROPERTY TAX (LPT) A Public Information Guide Part 1: Overview of the Local Property Tax (LPT) A guide to LPT for the public The purpose of this guide is to inform and explain key aspects of the

More information

AFFIDAVIT IN SUPPORT OF APPLICATION FOR SETTLEMENT

AFFIDAVIT IN SUPPORT OF APPLICATION FOR SETTLEMENT Financial Service Commission of Ontario Commission des services financiers de l'ontario AFFIDAVIT IN SUPPORT OF APPLICATION FOR SETTLEMENT THE MOTOR VEHICLE ACCIDENT CLAIMS ACT R.S.O. 1990, CHAPTER M.41,

More information

Pathways Shared Equity Loan

Pathways Shared Equity Loan Department of Housing and Public Works Pathways Shared Equity Loan Become a home owner by purchasing a share of the property you are renting Questions and Answers Booklet Great state. Great opportunity.

More information

Buy-to-let guide about tax

Buy-to-let guide about tax Perrys Chartered Accountants Buy-to-let guide about tax Introduction As a buy-to-let landlord it is important you know about tax and how it affects you and your investment. This is why Perrys Chartered

More information

How Centrelink will assess the EQUITYtap

How Centrelink will assess the EQUITYtap How Centrelink will assess the EQUITYtap Should you wish to discuss your financial situation and the impact of receiving excess funds has on your Centrelink entitlements please call Pensioner Assist today!

More information

Centrelink payments and entitlements

Centrelink payments and entitlements Centrelink payments and entitlements There are many different Centrelink payments and entitlements available and we have outlined the criteria for the most common allowances, pensions and benefit cards.

More information

The Liberals Housing Affordability Policy

The Liberals Housing Affordability Policy The Liberals Housing Affordability Policy Printed and Authorised by B Morton, 640 Murray Street, West Perth WA 6005 Policy Summary Affordable housing is fundamental to the continued growth of our State,

More information

TAXATION OF PRIVATE LANDLORDS

TAXATION OF PRIVATE LANDLORDS TAXATION OF PRIVATE LANDLORDS The Tax Position of the Small Private Landlord The private rented sector is possibly the only sector of the economy where the tax and regulatory systems work to prevent the

More information

Questions and Answers about Medicaid for Those Receiving Long-Term Care in Idaho

Questions and Answers about Medicaid for Those Receiving Long-Term Care in Idaho Questions and Answers about Medicaid for Those Receiving Long-Term Care in Idaho Question 1: What is Medicaid? Answer: Medicaid is a government program that pays for medical services, including long-term

More information

Centrelink payments and entitlements, pension bonus scheme and work bonus

Centrelink payments and entitlements, pension bonus scheme and work bonus Centrelink payments and entitlements, pension bonus scheme and work bonus 1 January 2014 While there are many different Centrelink payments and entitlements available, in this flyer we have outlined the

More information

Your Centrelink Reference Number

Your Centrelink Reference Number Income and Assets MOD ia Return this form online or to one of our Service Centres by r Centrelink Reference Number Purpose of this form Filling in this form Returning your form(s) For more information

More information

Frequently Asked Tax Questions for Homeowners, Buyers, Sellers

Frequently Asked Tax Questions for Homeowners, Buyers, Sellers Frequently Asked Tax Questions for Homeowners, Buyers, Sellers August 2011 1. Homestead Exemption What is the Homestead Exemption, and how do I apply for it? Louisiana law provides an exemption from parish

More information

Notes for claiming Australian pension

Notes for claiming Australian pension tes for claiming Australian pension Social Security Agreement between Australia and New Zealand When to use this form For more information Use this form to claim an Australian pension. te: The date from

More information

me Insurance Proposal for Home Insurance Home Insurance Proposal for Proposal for COSMOS INSURANCE COMPANY PUBLIC LTD HEAD OFFICE

me Insurance Proposal for Home Insurance Home Insurance Proposal for Proposal for COSMOS INSURANCE COMPANY PUBLIC LTD HEAD OFFICE Proposal for Proposal for Proposal for Home Insurance Home Insurance me Insurance COSMOS INSURANCE COMPANY PUBLIC LTD HEAD OFFICE 46, Griva Digeni Avenue, 1080 Nicosia, P.O.Box 21770, 1513 Nicosia Tel:

More information

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY SUPERANNUATION CIRCULAR NO. II.D.3 ACQUISITION OF ASSETS FROM RELATED PARTIES

AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY SUPERANNUATION CIRCULAR NO. II.D.3 ACQUISITION OF ASSETS FROM RELATED PARTIES AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY SUPERANNUATION CIRCULAR NO. II.D.3 ACQUISITION OF ASSETS FROM RELATED PARTIES November 2000 DISCLAIMER AND COPYRIGHT NOTICE 1. The purpose of this Circular is

More information

City of Cincinnati Pamphlet Residential Lease Option Contract

City of Cincinnati Pamphlet Residential Lease Option Contract City of Cincinnati Pamphlet Residential Lease Option Contract PLEASE READ THIS BROCHURE CAREFULLY! YOU SHOULD READ THIS BROCHURE BEFORE YOU SIGN A LEASE WITH OPTION TO BUY AGREEMENT! This Pamphlet explains

More information

THE CHURCH OF ENGLAND PENSIONS BOARD

THE CHURCH OF ENGLAND PENSIONS BOARD THE CHURCH OF ENGLAND PENSIONS BOARD Retirement Housing SHARED OWNERSHIP BOOKLET Information Booklet for Scheme Applicants Housing Department The Church of England Pensions Board, 29 Great Smith Street,

More information

HOUSING OPTIONS for OLDER AUSTRALIANS

HOUSING OPTIONS for OLDER AUSTRALIANS HOUSING OPTIONS for OLDER AUSTRALIANS The trusted resource for retirement living Thank you for downloading the latest ebook from Lifestyle Transition Services. The Trusted Resource for Retirement Living.

More information

Water Bill: Part 4 - Flood Insurance

Water Bill: Part 4 - Flood Insurance Department for Environment, Food and Rural Affairs Water Bill: Part 4 - Flood Insurance Scope of Flood Re March 2014 Contents Introduction... 1 What criteria will be used to determine if a property is

More information

Marital Residence 32D09701224090248

Marital Residence 32D09701224090248 Brian Rockwell, CFP, ChFC, CDFA Associate Vice President, Investments Trinity Town Center 9040 Tryfon Blvd A-104 Trinity, FL 34655 727-372-2530 x:2224 877-486-2183 brian.rockwell@raymondjames.com Website:

More information

Year-end Tax Planning Guide - 30 June 2013 BUSINESSES

Year-end Tax Planning Guide - 30 June 2013 BUSINESSES Year-end Tax Planning Guide - 30 The end of the financial year is fast approaching. In the lead up to 30 June, this newsletter covers some of the year-end tax planning matters for your consideration. BUSINESSES

More information

Centrelink payments and entitlements and work bonus

Centrelink payments and entitlements and work bonus Centrelink payments and entitlements and work bonus 1 July 2014 While there are many different Centrelink payments and entitlements available, in this flyer we have outlined the criteria for the most common

More information

GST and property. Guide for GST-registered businesses. Helps you apply GST correctly when dealing with property sales and transactions

GST and property. Guide for GST-registered businesses. Helps you apply GST correctly when dealing with property sales and transactions Guide for GST-registered businesses GST and property Helps you apply GST correctly when dealing with property sales and transactions For more information, visit ato.gov.au/gst NAT 72957-01.2014 OUR COMMITMENT

More information

Guide to Funding a Major Adaptation

Guide to Funding a Major Adaptation Guide to Funding a Major Adaptation August 2010 Contents Contents... 1 Introduction... 1 Chapter 1: Policy and funding framework... 2 The importance of tenure... 2 The policy framework... 2 Overview of

More information

Factsheet for loan-licence or loan-lease retirement village

Factsheet for loan-licence or loan-lease retirement village Factsheet for loan-licence or loan-lease retirement village Under the Retirement Villages Act 1986, all retirement villages operating in Victoria must give this factsheet to a retiree (or anyone acting

More information

Client Needs Analysis

Client Needs Analysis YOUR DETAILS: Full name (Client 1): Date: Client Needs Analysis / / Full name (Client 2): If company and/or Trust: Company/Trust name: ABN/ACN Registered address: Business address (If different from above)

More information

QUESTIONS AND ANSWERS ON THE COPES PROGRAM

QUESTIONS AND ANSWERS ON THE COPES PROGRAM QUESTIONS AND ANSWERS ON THE COPES PROGRAM COLUMBIA LEGAL SERVICES OCTOBER 2015 THIS PAMPHLET IS ACCURATE AS OF ITS DATE OF REVISION. THE RULES CHANGE FREQUENTLY. 1. What is COPES? COPES is a Home and

More information

INFORMATION BROCHURE

INFORMATION BROCHURE INFORMATION BROCHURE The information in this brochure is a summary of the Residential Tenancies Act 1995, it does not replace it. The Residential Tenancies Act 1995 requires that a landlord or agent must

More information

212.3 Allowable Deductions for Households with Aged/Disabled Members

212.3 Allowable Deductions for Households with Aged/Disabled Members 212.1 Purpose DEDUCTIONS Section 212 Page 1 This section describes the allowable Food Supplement Program (FSP) deductions. 212.2 General Information Only certain deductions are allowed when determining

More information

BUILDING CERTIFIERS GUIDE TO BSA INSURANCE & OWNER-BUILDER REQUIREMENTS FOR RESIDENTIAL CONSTRUCTION

BUILDING CERTIFIERS GUIDE TO BSA INSURANCE & OWNER-BUILDER REQUIREMENTS FOR RESIDENTIAL CONSTRUCTION BUILDING CERTIFIERS GUIDE TO BSA INSURANCE & OWNER-BUILDER REQUIREMENTS FOR RESIDENTIAL CONSTRUCTION BSA s OFFICES Brisbane Head Office 11 Edmondstone Street South Brisbane 4101 General Advice Line: 3225

More information

Investment income. chapter 2. Contents

Investment income. chapter 2. Contents chapter 2 Investment income Contents Introduction Examination context Topic List 1 Property income 2 Individual Savings Accounts (ISAs) 3 Enterprise Investment Scheme (EIS) 4 Venture Capital Trusts (VCT)

More information

Sample Family Agreement

Sample Family Agreement Sample Family Agreement Supplied by Carne Reidy Herd Lawyers, Brisbane. Email: bherd@crhlaw.com.au Notice and Disclaimer This document is copyright. It was drafted by Brian Herd of Carne Reidy Herd Lawyers

More information

QUESTIONS AND ANSWERS ON MEDICAID FOR NURSING HOME RESIDENTS. 1. What is Medicaid? COLUMBIA LEGAL SERVICES OCTOBER 2015

QUESTIONS AND ANSWERS ON MEDICAID FOR NURSING HOME RESIDENTS. 1. What is Medicaid? COLUMBIA LEGAL SERVICES OCTOBER 2015 QUESTIONS AND ANSWERS ON MEDICAID FOR NURSING HOME RESIDENTS COLUMBIA LEGAL SERVICES OCTOBER 2015 THIS PAMPHLET IS ACCURATE AS OF ITS DATE OF REVISION. THE RULES CHANGE FREQUENTLY. 1. What is Medicaid?

More information

In simple terms your return on investment of renting out a property is affected by two main things: rental income and your expenses.

In simple terms your return on investment of renting out a property is affected by two main things: rental income and your expenses. Copyright 2015 Letcom property agents 2015 Table of Contents 1 Introduction...2 2 Return on Your Investment...2 2.1 Rental Income...2 2.2 Expenses...3 3 Agreements and Legal Requirements...3 3.1 Agency

More information

8.139.510.1 ISSUING AGENCY: New Mexico Human Services Department [02/01//95; 8.139.510.1 NMAC - Rn, 8 NMAC 3.FSP.000.

8.139.510.1 ISSUING AGENCY: New Mexico Human Services Department [02/01//95; 8.139.510.1 NMAC - Rn, 8 NMAC 3.FSP.000. TITLE 8 SOCIAL SERVICES CHAPTER 139 FOOD STAMP PROGRAM PART 510 ELIGIBILITY POLICY - RESOURCES AND PROPERTY 8.139.510.1 ISSUING AGENCY: New Mexico Human Services Department [02/01//95; 8.139.510.1 NMAC

More information

GST and property. Guide for GST-registered businesses. Helps you apply GST correctly when dealing with property sales and transactions.

GST and property. Guide for GST-registered businesses. Helps you apply GST correctly when dealing with property sales and transactions. Guide for GST-registered businesses GST and property Helps you apply GST correctly when dealing with property sales and transactions. For more information visit www.ato.gov.au NAT 72957-07.2010 OUR COMMITMENT

More information

In a nutshell... Article published in Issue 15, 2009-10 of The Taxpayer, dated 15 Feb 2010. ...the full article follows

In a nutshell... Article published in Issue 15, 2009-10 of The Taxpayer, dated 15 Feb 2010. ...the full article follows Article published in Issue 15, 2009-10 of The Taxpayer, dated 15 Feb 2010 In a nutshell... Going overseas? Coming home? The tax implications So many Australians leave to take up long-term or even permanent

More information

Understanding insurance

Understanding insurance Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published

More information

A Guide to Aged Care and Retirement Villages in Australia FOR INVESTORS AND PROSPECTIVE OPERATORS PREPARED BY ARTHUR KOUMOUKELIS, PARTNER, GADENS

A Guide to Aged Care and Retirement Villages in Australia FOR INVESTORS AND PROSPECTIVE OPERATORS PREPARED BY ARTHUR KOUMOUKELIS, PARTNER, GADENS A Guide to Aged Care and Retirement Villages in Australia FOR INVESTORS AND PROSPECTIVE OPERATORS PREPARED BY ARTHUR KOUMOUKELIS, PARTNER, GADENS 2014 Gadens providing straightforward, clear advice you

More information

Estate planning: Taxation of deceased estates

Estate planning: Taxation of deceased estates TB 20 Estate planning: Taxation of deceased estates Issued on 15 November 2010. Summary Under Australian law there are no duties, however, income and some capital transactions may be taxed as a consequence

More information

Accommodation Choices for Older Australians and their Families: what older Australians and their families need to know

Accommodation Choices for Older Australians and their Families: what older Australians and their families need to know Accommodation Choices for Older Australians and their Families: what older Australians and their families need to know Information on Accommodation Choices for Older Australians and their Families: what

More information

Pepper Home Loan Product Guide

Pepper Home Loan Product Guide Pepper Home Loan Product Guide 2 November 2015 V4.1 Find out why a growing number of brokers are sold on specialist lending For information on specialist lending including videos, case studies and modules,

More information

APRIL 2015 CARE AND SUPPORT CHARGING POLICY

APRIL 2015 CARE AND SUPPORT CHARGING POLICY APRIL 2015 CARE AND SUPPORT CHARGING POLICY London Borough of Barking and Dagenham Care and Support Fairer Charging Policy 1.0 Introduction 1.1 The Care and Support Charging Policy is designed that the

More information

Quick guide to capital gains tax

Quick guide to capital gains tax Quick guide to capital gains tax Introduction Capital gains tax is a tax on the disposal of assets by an individual or trust. The tax has many detailed and complicated provision, so this guide is no more

More information

Fairer Contributions Policy

Fairer Contributions Policy Appendix 6 Fairer Contributions Policy July 2011 Adult and Community Services Fairer Contributions Policy 1. Introduction 1.1 The Fairer Contributions Policy is designed to ensure that people pay a fair

More information

SUBMISSION TO INQUIRY INTO AFFORDABLE HOUSING. Prepared by National Policy Office

SUBMISSION TO INQUIRY INTO AFFORDABLE HOUSING. Prepared by National Policy Office SUBMISSION TO INQUIRY INTO AFFORDABLE HOUSING Prepared by National Policy Office March 2014 COTA Australia Authorised by: Ian Yates AM Chief Executive iyates@cota.org.au 0418 835 439 Prepared by: Jo Root

More information

Homeowners Insurance: The Basics. List as many perils that could happen to your home that you can think of.

Homeowners Insurance: The Basics. List as many perils that could happen to your home that you can think of. Homeowners Insurance: The Basics List as many perils that could happen to your home that you can think of. Homeowners Insurance: The Basics A binding, legal contract between the insured and the insurer

More information

Reverse Mortgages Policy

Reverse Mortgages Policy Reverse Mortgages Policy March 2014 Version Date 2 November 2012 3 March 2014 Document owner Professional Standards Professional Standards Approved by RI Compliance Committee Date of approval 22/11/2012

More information

GUIDE TO CAPITAL GAINS TAX 2002 03

GUIDE TO CAPITAL GAINS TAX 2002 03 GUIDE TO CAPITAL GAINS TAX 2002 03 Covers: Individuals who have sold their main residence Individuals with complex capital gains tax obligations Companies, trusts and funds Lodge online with e-tax at www.ato.gov.au

More information

DOING BUSINESS IN AUSTRALIA. Presented by Sean Urquhart Tax Partner at Nexia Australia T: 61 2 9251 4600 E: surquhart@nexiacourt.com.

DOING BUSINESS IN AUSTRALIA. Presented by Sean Urquhart Tax Partner at Nexia Australia T: 61 2 9251 4600 E: surquhart@nexiacourt.com. DOING BUSINESS IN AUSTRALIA Presented by Sean Urquhart Tax Partner at Nexia Australia T: 61 2 9251 4600 E: surquhart@nexiacourt.com.au DISCLAIMER The material contained in this publication is in the nature

More information

Permanent Residential Aged Care Request for a Combined Assets and Income Assessment

Permanent Residential Aged Care Request for a Combined Assets and Income Assessment Permanent Residential Aged Care Request for a Combined Assets and Income Assessment Purpose of this form When to use this form The Australian Government Department of Human Services or the Department of

More information

Guide to Home Insurance

Guide to Home Insurance Guide to Home Insurance Guide to Home Insurance Home insurance provides essential financial protection to everyone, whether they are a tenant living in a small flat or the proud owner of a seven-bedroom

More information

Mansion Tax - Frequently Asked Questions

Mansion Tax - Frequently Asked Questions CB Title Agency of NY, LLC 140 Mountain Avenue Suite 101 Springfield, NJ 07081 P: 973-921-0990 F: 973-921-0902 www.cbtitlegroup.com Date: February 19, 2010 To: All Clients and Friends From: Cliff Bernstein

More information

Self Managed Super Fund (SMSF) Limited Recourse Loans

Self Managed Super Fund (SMSF) Limited Recourse Loans Self Managed Super Fund (SMSF) Limited Recourse Loans Memorandum Have you been searching for someone you can trust to assist with arranging both the finance and legal structure that accompanies limited

More information

Understanding insurance Version 5.0

Understanding insurance Version 5.0 Understanding insurance Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to insurance. This document

More information

Non-resident landlords. How is tax calculated and when is it due? www.moorethompson.co.uk 1

Non-resident landlords. How is tax calculated and when is it due? www.moorethompson.co.uk 1 Non-resident landlords The scheme which operates for non-resident landlords is that a return must be submitted, and tax accounted for to HM Revenue and Customs (HMRC), on a quarterly basis, payment being

More information

IMPORTANT CONTACTS MEDICAID INCOME AND ASSET RULES FOR NURSING HOME RESIDENTS. As of July 1, 2015

IMPORTANT CONTACTS MEDICAID INCOME AND ASSET RULES FOR NURSING HOME RESIDENTS. As of July 1, 2015 IMPORTANT CONTACTS For legal advice and counseling regarding the Medicaid Income and Asset Rules for Nursing Home Residents, contact the Lawyer Referral Service of the New Hampshire Bar Association at

More information

WHAT YOU SHOULD KNOW ABOUT BUYING A HOME IN A CONDOMINIUM, COOPERATIVE, OR HOMEOWNERS ASSOCIATION

WHAT YOU SHOULD KNOW ABOUT BUYING A HOME IN A CONDOMINIUM, COOPERATIVE, OR HOMEOWNERS ASSOCIATION WHAT YOU SHOULD KNOW ABOUT BUYING A HOME IN A CONDOMINIUM, COOPERATIVE, OR HOMEOWNERS ASSOCIATION Montgomery County, Maryland Commission on Common Ownership Communities 2011 WHAT YOU REALLY NEED TO KNOW

More information

Abel Insurance Agency

Abel Insurance Agency After a wildfire, people may have questions about their insurance coverage. The Insurance Information Institute offers answers to some of these basic questions. HOMEOWNERS COVERAGE Q. If my house burns

More information

Client Needs Analysis

Client Needs Analysis Date: YOUR DETAILS: Client Needs Analysis Full name (Client 1): Full name (Client 2): If Company and/or Trust: Company/Trust name: ABN/ACN: Registered address: Business address (if different from above):

More information

Fundamentals Level Skills Module, Paper F6 (HKG)

Fundamentals Level Skills Module, Paper F6 (HKG) Answers Fundamentals Level Skills Module, Paper F6 (HKG) Taxation (Hong Kong) December 200 Answers and Marking Scheme Cases are given in the answers for educational purposes. Unless specifically requested,

More information

Interested in buying your own home?

Interested in buying your own home? Interested in buying your own home? A legal guide to Right to Buy 02030827 right to buy booklet 2015 V1.indd 3 21/07/2015 15:15:54 Further information Sanctuary Housing Customer Services 0300 123 3516

More information

Application for release

Application for release Application for release Write clearly, using a black pen only. Place X in all relevant boxes. If there is not enough space to provide full details, write the additional information on a separate page.

More information

Notes for Private Trust

Notes for Private Trust tes for Private Trust Purpose of this form When to complete this form Definition of a partner For more information If you have a hearing or speech impairment Interpreters and translations The information

More information

Number 52 of 2012 FINANCE (LOCAL PROPERTY TAX) ACT 2012 ARRANGEMENT OF SECTIONS PART 1. Preliminary and General PART 2. Residential Property

Number 52 of 2012 FINANCE (LOCAL PROPERTY TAX) ACT 2012 ARRANGEMENT OF SECTIONS PART 1. Preliminary and General PART 2. Residential Property Number 52 of 2012 FINANCE (LOCAL PROPERTY TAX) ACT 2012 ARRANGEMENT OF SECTIONS PART 1 Preliminary and General Section 1. Short title and commencement. 2. Interpretation. PART 2 Residential Property 3.

More information

Understanding business insurance

Understanding business insurance Version 4.2 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to. Important information This document has been published

More information

Planning for Care Costs. The Options in Scotland

Planning for Care Costs. The Options in Scotland Planning for Care Costs The Options in Scotland For more information or to speak to one of our trained advisers please telephone our team on 0800 152 2037 Solicitors For Older People Scotland 1/7/2012

More information

AFFORDABLE HOUSING ACTION PLAN

AFFORDABLE HOUSING ACTION PLAN AFFORDABLE HOUSING ACTION PLAN ACT LAND RENT SCHEME - FREQUENTLY ASKED QUESTIONS LAND What is the ACT Land Rent Scheme? The Land Rent Scheme is an ACT Government initiative to increase access to affordable

More information

Glasgow City Council. Housing Benefit and Council Tax Reduction Application Information

Glasgow City Council. Housing Benefit and Council Tax Reduction Application Information Glasgow City Council Housing Benefit and Council Tax Reduction Application Information Section 1 Personal Details To help us process your application and allow us to contact you if we need more information,

More information

Client Needs Analysis

Client Needs Analysis Date: YOUR DETAILS: Client Needs Analysis Full name (Client 1): Full name (Client 2): If Company and/or Trust: Company/Trust name: ABN/ACN: Registered address: Business address (if different from above):

More information

HOUSING BENEFIT, COUNCIL TAX BENEFIT AND SECOND ADULT REBATE CLAIM FORM

HOUSING BENEFIT, COUNCIL TAX BENEFIT AND SECOND ADULT REBATE CLAIM FORM For Office Use Only Ben Ref o: Date of Issue: Reason for Issue: Receipt Stamp HOUSIG BEEFIT, COUCIL TAX BEEFIT AD SECOD ADULT REBATE CLAIM FORM ou should complete and return this form as soon as you can.

More information

Factsheet for loan-licence or loan-lease retirement village

Factsheet for loan-licence or loan-lease retirement village Factsheet for loan-licence or loan-lease retirement village Under the Retirement Villages Act 1986, all retirement villages operating in Victoria must give this factsheet to a retiree (or anyone acting

More information

Understanding Business Insurance

Understanding Business Insurance Version 4.0 Preparation Date: 2 November 2009 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to business insurance.

More information

Permanent Residential Aged Care Request for a Combined Assets and Income Assessment

Permanent Residential Aged Care Request for a Combined Assets and Income Assessment Permanent Residential Aged Care Request for a Combined Assets and Income Assessment Purpose of this form When to use this form Help with your form The Australian Government Department of Human Services

More information

[7.1.32] Rent-A-Room Relief

[7.1.32] Rent-A-Room Relief [7.1.32] Rent-A-Room Relief 1. Introduction Sums arising to an individual in respect of the letting, for residential purposes, of a room or rooms in his/her home, including, for example, sums arising from

More information