Whilst there has been a rising demand (15% per annum) for care homes and aged care across the UK in recent years, COVID-19 has significantly impacted this vital sector.

With increased financial pressure on the social care system due to reduced income, increased operational costs in terms of personal protective equipment (PPE), staffing challenges and difficulty accessing emergency funding provided to local authorities from the Government, it’s safe to say it has been a tough 12 months for those who own and operate care homes throughout the UK.

When we approached a large provider of care homes in November, they voiced many of these concerns. Fortunately, through an embedded capital allowance claim, the owner was eligible for significant of tax relief, at a time when they need it most.

One of this client’s properties was purchased for £1,800,000 this meant they would be entitled to claim a considerable amount of allowances.

Our expert surveyors identified items such as air conditioning, kitchen and toilet fittings, heating systems, security systems and radiators, all of which could qualify for tax relief.

As expected, the allowances identified came to an impressive £681,000, resulting in tax relief of £274,500 directly to the property owner. Our client was surprised at just how high the figure was, and for them it confirmed the importance of undergoing a Capital Allowance claim to receive the tax relief.

Claims are a risk-free exercise that produce fantastic results for our clients.

Our 100% success rate from HMRC means that HMA Tax holds a positive track record for consistently providing our clients with the best possible service.

To find out how much you could receive, visit our care homes page on our website and estimate your claim.

HMA Tax is an authorised supplier and partner of the National Care Association, this is a testament to our service across the care sector and the benefit we can produce for owners and operators.