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Wow, Wylie, Thats a high bond!! My mum's was 250K, I think. Belleran, you only pay interest on the bond amount, not the full assets. So, in my mum's case, its interest on $250K. SHe was fortunate in that she entered the NH last year when interest rates were at their lowest point. The initial...

Also, my understanding is that the bond isn't based on the residents assets or income... it is set by the NH. So, for example, Room 1a has a bond of 250K, and Room 1b might be $350K, because it has a view. Pen

Hi, There are some very specific rules about this, and I think it you sell the property cheaply, then your mum could still end up being assessed as having the market value. Everything I've seen would indicate that gifting the house or selling it cheaply would put your mum into a worse position...