Capital Allowances Claims a must for Care & Nursing Home Owners

In a previous blog post we pointed out how financially beneficial a capital allowances claim could be for Hotel owners. Much of the information supplied in this previous blog is also relevant to Care & Nursing Homes whether owned by individuals or larger limited companies.  This is because both Hotels and Care / Nursing Homes contain many of the same types of claimable “Plant & Machinery” for capital allowances purposes.

Care / Nursing Homes contain Plant

  • Lifts
  • Electrical Systems
  • Catering Equipment
  • Air-conditioning
  • Heating & Ventilation Systems
  • Sanitary equipment including toilets, baths and showers
  • Signs
  • Emergency Lighting
  • Telephone & Wi-Fi Systems
  • Fire detection equipment
  • Hot & cold water system

Additional Plant

In addition to many of the common items found in other commercial property care / nursing homes homes contain items which are not commonly found in other buildings. Some of these include:-

  • Emergency Call Systems
  • Medical Equipment and Systems
  • Electric Hoists and Bathing Aids
  • Reception Desks

Making a Capital Allowances Claim

As a general rule the level of capital allowances claimable for a care / nursing home will fall between 20% to 30% (possibly more) of the original purchase price of the property. Although if an extensive development or refurbishment work has been undertaken this percentage can increase dramatically when the costs of purchase and refurbishment are added together. We have successfully completed a number of recent claims on care and nursing homes where the original purchase prices have ranged from £400k to £2m. The results of some of these capital allowances claims are detailed on our case studies page. If you own a care or nursing home (or you have clients who do) then please contact us for a free high level review.