CAS - Sectors - Care Homes
A care home facility is a shared environment that offers combined nursing, personal care, end of life care and accommodation services. The living spaces are specifically designed, and residents typically have their own private bedrooms, often equipped with an on-suite bathroom. The facility also includes amenities such as provided meals medical care, and housekeeping services, including laundry and cleaning.
Claiming capital allowances is a strategic move for any care home. It allows you to recover significant costs, improve facilities, invest in energy efficiency, and enhance overall profitability. Don’t miss out on this opportunity to strengthen your care home’s financial health and provide the best possible care for your residents.
No upfront fee
Our team, are here to build a long term relationship with you and your business, and that's why we don't need hourly rates or day rates - we only bill when your claim is successful.
£55m+
Unlocked for our clients through well prepared, robust and successful UK commercial tax relief claims.
£121bn
Was the total value of UK Capital Allowances claims minus balancing charges in the 2021 to 2022 financial year (HMRC Stat).
In the UK, capital allowances are categorized into different “pools” which determine the rate at which you can claim tax relief on your capital expenditures. Here are the primary cost pools for claiming UK capital allowances:
Medical Equipment: Specialised medical equipment used for patient care.
Kitchen Equipment: Industrial-grade cooking and food preparation machinery.
Laundry Equipment: Industrial washing machines and dryers.
Security Systems: Surveillance cameras, alarm systems, and access control systems.
Furniture: Beds, chairs, tables, and other furnishings in resident rooms and common areas.
Carpets and Flooring: Carpets, tiles, and other flooring materials.
Window Treatments: Curtains, blinds, and other window coverings.
Lighting Fixtures: Light fittings and fixtures throughout the care home.
Sanitary Ware: Bathroom fixtures such as sinks, toilets, and showers.
Building Shell: The main structure of the care home, including walls, roof, and foundations.
Extensions and Renovations: Costs associated with expanding or renovating the existing building.
Disabled Access Ramps and Lifts: Modifications to improve accessibility for residents with disabilities.
External Works: Driveways, and other external improvements.
In order to qualify for capital allowances a building providing accommodation must meet the personal care requirements. The building is not considered to be in residential use if the residents are receiving personal care due to old age, disability, past or present dependence on alcohol or drugs, or past or present mental disorders. Personal care includes the administering of personal hygiene, feeding, medication etc and it does not include remote monitoring or the provision of catered meals.
Capital allowances are available for care homes on expenditure relating to their fit out, refurbishment, construction as well as the purchase of new and second-hand properties. Qualifying items can include pieces of plant and machinery such as carpets, AV equipment, laundry and catering facilities, sanitary ware equipment, stair lifts and underfloor heating. Allowances are also available for a variety of integral features such as electrical power and lighting, heating and ventilation, and hot and cold-water systems, larger care homes may also include passenger lifts.
In addition to the various capital allowances available on plant and machinery and integral features, expenditure on items such as walling, stairs, flooring, doors and windows, and roofing may also be eligible for Structures and Buildings Allowance. This is providing that the construction contracts were signed on or after 29 October 2018.
Our team comprises seasoned tax professionals and surveyors with extensive experience in the nuances of capital allowances. We stay abreast of the latest legislation and best practices, ensuring you receive the maximum relief available.
We conduct thorough assessments of your capital expenditures, meticulously identifying all qualifying assets. From plant and machinery to integral building features, our detailed approach ensures nothing is overlooked.
COFFEE SHOPS & CAFES
PUBS & RESTAURANTS
HOTELS
CARE HOMES
INDUSTRIAL & FACTORIES
OFFICES
NURSERIES & CHILDCARE
FURNISHED HOLIDAY LETS
WAREHOUSES
DOCTORS OFFICES & SURGERIES
RETAIL STORES
TRANSPORT & LOGISTICS
DENTISTS
VETS
FARMS & AGRICULTURAL
COMMERCIAL CONSTRUCTION
Claiming capital allowances may seem hard at first, but at the BSE Group, we’re here to help you through the process. Our time within the financial field has given us the expertise needed to help your business claim tax relief. Unlock the hidden value in your capital expenditures with our help.
Contact us today for a free initial consultation and see how our Capital Allowance Team can transform your tax strategy and enhance your financial performance.
