December 1973 Eligibility Requirements Manual – Table of Contents

1030.027.00 OTHER PROPERTY AS AN AVAILABLE RESOURCE

IM-22 February 07, 2019

The treatment of various property types as resources is discussed 42 CFR § 416.1200. Other types of property that may be considered an available resource or transfer include:

  • Mineral Rights
  • Timber Rights
  • Easements
  • Leaseholds
  • Water Rights
  • Life Estates
  • Remainder Interests

The equity value of these properties is only excluded if the property:

  • is a life estate or remainder interest
  • is used in the course of a participant’s trade or business; or
  • provides a 6% annual return on the equity value.

NOTE: A participant is assumed to have 100% equity value in these types of property unless the participant provides verification to the contrary. The 100% equity value amount is equal to the current market value.