By Brian Herd, Partner at CRH Law, our Lead Legal Professionals at Heather Hill Pathways.
Rental income from an aged care resident’s former home is currently not taken into account in means testing used to determine the resident’s income tested fee. The exemption applies if the resident pays at least part of their accommodation costs by daily accommodation payments (DAP). This exemption will end on 31 December 2015.
From 1 January 2016 the following rules will apply:
This change will only affect means testing for the purposes of aged care fees. It will not affect means testing for other payments such as income support.