Care Homes & Retirement Homes. Are You Claiming Your Capital Allowances?

Do you own a Care Home, Retirement Home, or Nursing Home?

If you haven’t applied for and claimed your Capital Allowances, this is an article you cannot afford not to read.

Capital Allowances help reduce taxable profits by allowing you to deduct the cost of certain capital expenditures. Here at Complete Capital Allowance, we are experts (as you might have guessed from the name). We navigate the process for our clients, maximising their claims while minimising their efforts taking all the pain out of making an application to HMRC.

So, if you own a Care Home, Retirement Home, or Nursing Home, here are specific capital allowance claims you could be making.

Fixtures & Fittings

• Lifts and Ramps: floor lifts, stair lifts and ramps to assist residents with mobility issues.
• Security Systems: CCTV, alarm systems, door locking key pass systems and other security features to ensure the safety of residents.
• Lighting: specialised lighting systems to accommodate the needs of elderly residents.

Building Improvements

• Heating and Cooling Systems: boilers, radiators, and air conditioning units to maintain a comfortable living environment. Plus, double glazing and additional insulation.
• Accessibility: widened doorways, smoothing floor levels out with undulations rather than steps, lowering of windows for wheelchair and bedside views.
• Bathrooms: installation of walk-in showers, grab bars and other accessibility features in bathrooms.

Plant and Machinery

• Medical Equipment: specialised equipment such as hoists, medical beds, and mobility aids. These may be in general use, bathrooms and bedrooms.
• Kitchen Equipment: industrial kitchen appliances, including ovens, refrigerators, hostess trolleys and dishwashers, are used to prepare meals for residents.
• Laundry Equipment: commercial washing machines, dryers, and ironing equipment.

Office Equipment and Furniture

• Computers and Software: computers and software for administrative tasks, patient records, and communication. It may also include servers, printers, scanners, etc.
• Office Furniture: desks, chairs, filing cabinets, and other office essentials.

Vehicles

• Service Vehicles: vans and minibuses used for transporting residents to appointments, outings, and activities. The cost of any modifications, such as an electric lift or ramp, is included.
• Mobility Scooters: used to assist in field trips and transportation around the facility or in the grounds.

Environmental Equipment

• Energy-Efficient Systems: solar panels, wind turbines, and ground source heating are all great examples of what can be claimed.
• Water Management Systems: systems to manage water usage efficiently, including water heaters and filtration systems.

Specialised Furniture

• Resident Rooms: beds, wardrobes, chairs and other furniture designed for resident comfort and accessibility.
• Common Areas: furniture for lounges, dining rooms, and recreational areas that cater to the specific needs of elderly residents.

Care, Retirement and Nursing Homes can benefit greatly from claiming capital allowances, which provide significant tax relief and improve cash flow. By working with Complete Capital Allowance to identify all qualifying expenditures and correctly categorising and calculating claims, we can help you secure the full amount of what is due to you.