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Top tax tip
From 1998/99, a person may claim a deduction of elderly residential care expenses paid by the person or their spouse to a residential care home in respect of the person's, or their spouse's parent or grandparent under salaries tax and personal assessment.
A person chargeable to tax at the standard rate is also entitled to the deduction.
The deduction is allowed for the expenses actually paid in the year of assessment and are subject to a maximum of $60,000 per year for each parent or grandparent.
The following should be prepared if you want to claim a deduction:
Claims of the deduction should be made in the Tax Return - Individuals (Form BIR 60) for the relevant year of assessment. For more information contact the Staff Relations Hotline.
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