Specialist Social Housing and Supported Living .
Supported living and Specialist Social Housing often include enhanced safety systems, lifts and adapted installations embedded within the property.
Specialist Social Housing and Supported Living .
Supported living and Specialist Social Housing often include enhanced safety systems, lifts and adapted installations embedded within the property.
Relief may arise from assets already in place at acquisition as well as subsequent upgrade and compliance works.
Given the complexity of transactions and funding structures, a specialist review ensures qualifying value is identified and preserved.
For property purchase claims, up to 25% of the purchase price can qualify for Capital allowances .
- Electrical systems & lighting | Heating
- hot water & environmental control | Assisted living
- accessibility & specialist adaptations | Kitchens
- bathrooms & welfare facilities | Furniture
- fixtures & specialist housing equipment (FF&E) | Security
- fire & building systems
And much, much more…
What can a specialist social housing or assisted living facility 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.
“I met Sadique at a care industry event and was impressed by his genuine interest in building a long-term partnership. To experience their service firsthand, I engaged them for a capital allowances claim.
As a small startup specialising in supported living property investment and management including acting as Investment strategist & Buyer’s agent dealing in Purchase/Sale and Leasing of property, I needed a partner who understood our sector and could deliver without adding to our workload.
The Eureka team proved to be professional, responsive, and highly competent. The entire process was remarkably streamlined, requiring minimal time and effort on my part which had been my primary concern beforehand.
The value proposition is compelling: if you have legitimate claims, the cost-benefit ratio is exceptional. More importantly, they’re honest, straightforward professionals who deliver tangible results. Highly recommended!”
Raja Singh
Brierly Hill
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.