Tax relief to help elderly people remain in their homes – McFadden

Fine Gael TD for Longford/Westmeath, Gabrielle McFadden, has welcomed the introduction of a new tax relief to help elderly people remain in their homes into their later years. Deputy McFadden was speaking after Minister for Finance, Michael Noonan TD, introduced an amendment to the Finance Act this week to assist families to care for elderly relatives at home by employing a nurse or carer.

“A new tax relief introduced this week by Minister Noonan will be extremely welcome for elderly people who wish to remain in their own homes for as long as possible.

“Oftentimes elderly people need extra support and care in order to stay in their own homes into their later years. The new tax relief will assist families financially to look after their elderly relatives at home by employing a nurse or carer. The amendment to the Finance Act will raise the level of tax relief available to employ a professional nurse or carer in the home from €50,000 to €75,000 per annum. 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 tax relief aims to help people with the financial costs involved in staying at home where they need additional support.”