4.4 What are counted as assets
Asset assessment rules for aged care means testing broadly align with the rules for income support pensions from 1 July 2014, including the $10,000 nominal value of home assets and that only debts against specific assessable assets are allowed as deductions.
Differences in asset assessment rules for aged care means testing are:
- inclusion of accommodation bond and refundable accommodation deposit or contribution balances,
- treatment of the principal home has been modified (see next section).
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/aged-care-means-testing/4-aged-care-means-testing/44-what-are-counted-assets
4.4.1 Treatment of principal home
Asset assessment rules for aged care means testing broadly align with the rules for income support pensions from 1 July 2014, including the $10,000 nominal value of home assets and that only debts against specific assessable assets are allowed as deductions.
Differences in asset assessment rules for aged care means testing are:
- inclusion of accommodation bond and refundable accommodation deposit or contribution balances,
- treatment of the principal home has been modified (see next section).
Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/aged-care-means-testing/4-aged-care-means-testing/44-what-are-counted-assets/441-treatment-principal-home