Care Homes .
Care homes contain extensive integrated systems and specialist installations that qualify for capital allowances.
Care Homes .
Care homes contain extensive integrated systems and specialist installations that qualify for capital allowances.
Relief may be available on assets embedded within the building at acquisition, as well as on subsequent refurbishment works, extensions and upgrades.
If allowances were not reviewed and pooled correctly at purchase, or if capex has simply been added to a fixed asset register without technical analysis, significant value can be lost.
For property purchase claims, up to 35% of the purchase price can qualify for Capital allowances .
- Electrical systems & specialist power | Heating
- hot water & environmental control | Bathrooms
- en-suite & assisted living installations | Kitchens
- laundries & back-of-house facilities | Furniture
- fixtures & care equipment (FF&E) | External works & site infrastructure
And much, much more…
What can a care home owner claim on?
UK legislation allows some business property owners to claim capital allowances on qualifying fixtures already within a property at acquisition, even where these assets were already in place at the time of purchase.
Newly added items and post-acquisition expenditure can also qualify. Whilst accountants typically claim the more obvious items, a surveyor led review can identify additional embedded fixtures and integral features often missed, unlocking further valuable tax relief.
“Working with Eureka Capital Allowances has been exceptional.
As Finance Director of Padda Care, I’ve worked with many advisors, but Eureka’s expertise and hands-on approach truly stand out. They handled everything from start to finish, making the process seamless and allowing us to focus on the business with complete confidence.
The results exceeded all expectations. The level of unclaimed capital allowances identified was far greater than anticipated and simply would not have been uncovered by a traditional accounting approach alone.
The benefit to the business is significant, with long-term tax relief and improved cash flow that will support growth for years to come.
I would highly recommend Eureka to any property owner.”
Martin
Financial Director at Padda Care Group
Questions.
Have any questions that we haven’t answered here? Get in touch with us and we will do our best to answer them for you!
Why Accountants Can’t Claim These Allowances.
Capital allowances on property cannot be identified from accounts alone and usually require a specialist review of the building itself. As accountants are not trained or insured to carry out building surveys, significant capital allowances are routinely missed without this process.
What Are Capital Allowances?
Capital allowances allow businesses to deduct qualifying capital expenditure on plant and machinery from taxable profits. When a commercial property is purchased, part of the purchase price may relate to qualifying assets already within the building, which are often overlooked but can deliver significant tax relief when properly identified.
Who Can Claim Capital Allowances?
Businesses and property owners who incur qualifying capital expenditure, including those who purchase commercial property, may be entitled to claim.
What Can Qualify?
Capital allowances generally apply to qualifying plant and machinery and certain fixtures within a commercial property. These items are often embedded within the building and, when correctly identified through specialist analysis, can be pooled and claimed for tax relief.