Tax reduction for dependency costs extended to accommodation in care homes, ceiling raised to €10,000

Article 11 of the 2007 Finance Act rewrites Article 199 quindecies of the General Tax Code. The 25% tax reduction granted to people living in care homes for dependent elderly persons now covers both dependency and accommodation costs, and the annual expense ceiling rises from €3,000 to €10,000 per resident. Long-term care units and comparable establishments in another European Economic Area state become eligible. The measure applies to tax on 2006 income, assessed in 2007.