A capital idea for care home owners
According to Savills, a significant number of care home owners are not claiming the capital allowances to which they are entitled and are losing out on millions of pounds of possible tax benefits.
Capital allowances provide tax relief on capital expenditure incurred on a commercial property investment in the UK. The allowances are obtained by replacing depreciation for the purposes of calculating tax liabilities. Therefore, capital allowances are very important, both for occupiers and investors, because by maximising their value, tax levels can be significa