Capital allowances for Medical Clinics
Unlock hidden tax relief in your medical practice with expert capital allowance strategies
Capital Allowances for Medical Clinics
Capital allowances are a form of tax relief that allow medical clinic owners to deduct the cost of qualifying assets from their taxable profits. This includes expenditures on fixtures, fittings, and integral features within the property. Even if these items were present at the time of purchase or have been subsequently repaired or replaced, claims can often still be made.
For example, if you purchased your medical clinic premises for £400,000, you could potentially claim up to £100,000 in capital allowances, representing 25% of the purchase price.
Have the best capital allowances consultants on your side
At Eureka Capital Allowances, we have over 20 years of experience in capital allowances, and help our clients to unlock thousands of pounds of hidden tax relief in their properties.
We don’t just help care homes, we also provide our knowledge and services to holiday and residential parks, pubs & restaurants, offices, doctors and dentist surgeries and B&B owners too!
What Can be Claimed?
Medical clinics can claim capital allowances on a variety of assets, including:
These assets, often integral to the operation of a medical clinic, can significantly reduce your tax liability when properly assessed and claimed.
Why choose Eureka?
What are capital allowances, and how can they benefit medical clinic owners?
Capital allowances allow clinic owners to deduct the cost of qualifying assets from their taxable profits, reducing tax liability and freeing up funds for reinvestment.
What kind of expenses in medical clinics qualify for capital allowances?
Eligible expenses include heating and ventilation systems, lighting, security systems, medical equipment, and office furnishings.
Do I need to own the property to claim capital allowances?
Not necessarily. If you are leasing the property but have installed qualifying fixtures and fittings, you may still be eligible to claim allowances.
Can I claim capital allowances on a refurbished medical clinic?
Yes, refurbishments often involve expenditures on qualifying assets. Even if items have been repaired or replaced, claims can still be made in many cases.
Questions?
Have any questions that we haven't answered here? Get in touch with us and we will do our best to answer them for you!
Contact usAbout us
We are team of Capital Allowances Consultants with over 20 years experience, helping commercial property owners unlock hidden tax relief in their property.
Learn moreHave the best capital allowances consultants on your side
Ready to uncover hidden tax relief in your medical clinic? Contact our team of experts today to schedule your free capital allowances review
Phone: 029 2280 3333
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