Nursing Home in Chester

A Nursing Home was purchased for Β£1.2m in 2019. Our team conducted a full review of the property and discovered Β£420,000 in unclaimed Capital Allowances.

Capital Allowance claim for a Nursing Home in Chester.

The Property

In 2019, the owner of a Nursing Home in Chester partnered with our team to conduct a thorough review of their property, purchased for Β£1.2 million. The nursing home had been providing exceptional care and had undergone essential upgrades to enhance resident comfort. Despite previous claims by their accountant, uncertainties persisted about the full utilisation of available Capital Allowances.

Our Approach

Our team examined the property’s improvement and expansion expenses, uncovering a substantial Β£420,000 in unclaimed Capital Allowances – 35% of the property’s purchase price.

Leveraging our knowledge of Capital Allowances, we compiled a detailed report outlining eligible assets and their associated values for potential claims. Collaborating closely with the property owner’s accountants, we ensured the tax savings were maximised through effective reporting for HMRC.

Thanks to the specialised expertise of HMA Tax, the Nursing Home owner secured substantial tax savings by claiming Β£420,000 in unclaimed allowances. The resulting tax relief amounted to an impressive Β£84,000.