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Assessing a life interest in a home 108-04070070

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Policy

Social Security Guide, 1.1.I.185, Interest in an asset (life, remainder, reversionary, contingent)

Social Security Guide, 4.6.3.20, Determining Homeowners & Non-homeowners

Social Security Guide, 4.6.3.30, Defining the Principal Home

Legislation

Links to the Federal Register of Legislation site go to a 'Series' page. Select the 'Latest' version.

Social Security Act 1991

  • section 11A, Principal home definition for the purpose of the assets test
    • Subsection 8, Reasonable security of tenure
  • section 1118(1), Certain assets to be disregarded in calculating the value of a person's assets