Residential Care Home: Corporate Tax, Capital Allowances

Residential Care Home: Corporate Tax, Capital Allowances

What we did

Our client, a Residential Care Home Group, had acquired a company containing three care homes, and they asked us to investigate the Corporate Tax situation.

Impact we had

We identified that there were unclaimed capital allowances on two of these properties totalling c. £3.1m, representing approx. 40% of their c. £7.7m acquisition cost.

Capital allowances should generate a corporation tax saving of c. £550k over the life of the capital allowance claims.

 

To find out more about our work in Corporate Tax, click here.

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