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Capital Allowances for Care Homes

Your commercial property is likely holding thousands of pounds of unclaimed Capital Allowances.

COMMERCIAL PROPERTY TAX RELIEF

DO YOU OWN A CARE HOME?

Care Home owners are often unaware that their property is holding thousands of pounds of unclaimed tax relief in the form of Embedded Capital Allowances. These are allowances on items such as bathroom facilities, commercial kitchens, fire alarms, lifts and fire doors – essentially everything that would remain in your property if you tipped it upside down.

Typically we would expect to find around 35% of the original purchase value of the property in previously unidentified Capital Allowances. £350K of allowances in a £1M property which translates as £225K in tax refund and/or reduction in future tax liability to a higher rate tax payer. So it’s an exercise well worth doing.

If you own a commercial property and are a UK tax resident, then you are eligible to make a claim. We specialise in Capital Allowances Tax Relief and our expert in-house team work exclusively in this niche area of taxation. On average it takes only 6 weeks from our initial meeting to you receiving your relief from HMRC.

Claiming Embedded Capital Allowances is a risk-free exercise well worth considering when you own commercial property. You can estimate your total claim using our claims estimation tool or book a consultation with one of our claims specialists who can prepare an estimation on your behalf.

Percentage of purchase price available as tax relief.

35%

CAPITAL ALLOWANCES

What Items Are Claimable?

Whilst Embedded Capital Allowances are heavily ingrained within Care Homes, some plant and machinery items generate significant allowances when identified, valued, and claimed correctly. These include:

  • Lifts Heating & Radiators
  • Air Conditioning
  • Bathroom and Kitchenette Fittings
  • Commercial Kitchens
  • Security Systems
  • Fire Alarms

RECENT CARE HOME CLAIMS

COMMERCIAL PROPERTIES HOLD THOUSANDS OF POUNDS OF UNCLAIMED CAPITAL ALLOWANCES.

The UK's Leading Capital Allowance Specialists

With over 7,000 claims completed, HMA Tax is trusted by thousands of commercial property owners, Accountants & Solicitors across the UK.

Our service is guaranteed to be fully HMRC compliant, meaning our clients have peace of mind when claiming their Capital Allowances with the UK’s leading independent specialists.

We regularly handle Embedded Capital Allowance claims for commercial property owners and property professionals, ensuring that they are processed quickly, efficiently and effortlessly.

Has my accountant already done this?

Probably not. It’s a highly specialised area of tax statute and requires very specific knowledge of this area as well as a specialist team that includes a chartered surveyor and a chartered tax specialist.

Will this effect Capital Gains Tax (CGT) on my property?

No, Capital Allowance claims do not effect the value of your property and have no impact on your Capital Gains position.

In fact, when buying or selling commercial property, a Capital Allowance claim from HMA Tax can have a positive impact on your overall position.

Will this cause a problem with HMRC?

Capital Allowances are part of standard business routines and are therefore claimed each year against cost clients incur to operate.  HMRC does not take issue with Capital Allowance claims on the basis we adhere to guidelines and the legislation applicable to each claim.

Fortunately, at HMA Tax we have a flawless, 100% success rate with claims we have made to HMRC and have never had an issue completing a claim with HMRC.

Are there any hidden costs?

Absolutely not. We look at claims for you on a results only basis, which means that if we do not find allowances that have been approved by HMRC, then we charge you nothing and any initial costs are covered by us. Our fee is completely linked to a successful outcome, so there is nothing to lose by investigating a potential claim.

CLAIM THOUSANDS OF POUNDS IN TAX RELIEF

ESTIMATE YOUR CAPITAL ALLOWANCE CLAIM IN TWO MINUTES

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