Retail Case Study

Care Home in East Sussex

In 2020, Hypertech Partnership approached a healthcare provider with a care home in East Sussex. The owner had purchased the property for £1.34 million in 2019, intending to modernise it and enhance the living conditions for residents.

Despite their accountant having claimed some costs, there was uncertainty about whether all available Capital Allowances had been correctly identified. This led the healthcare provider to consult our expert team for a thorough assessment.

How We Helped

Our team conducted a comprehensive review of the costs incurred during the updates and modernisation, recognising that a significant portion of Embedded Capital Allowances, had not yet been claimed.

With our extensive experience in Capital Allowances, we identified £469,000 in unclaimed allowances. Our detailed report outlined our findings, including a breakdown of assets qualifying for relief and their corresponding values.

We worked closely with the care home owner’s accountants to integrate these allowances into their financial strategy, ensuring the maximum tax savings were achieved. Our team provided ongoing support, from preparing essential documentation to liaising with HMRC for the successful claim.

As a result, the care home owner in East Sussex was able to claim £469,000 in unclaimed Capital Allowances, leading to a tax saving of over £90,000. These savings were reinvested into further property enhancements, ensuring a higher standard of care and a more comfortable environment for residents.