Tax Recovery Schemes for Care Home Owners

Care Home over recent years have been hit with rising costs that have not all been recoverable. Our experience in the Care Sector spans 20 years and we specialise in assisting Healthcare operators to reduce costs in key areas.

Whether you are a new operator, or a long serving provider there are schemes available to reduce your tax liabilities and runnings costs in key areas.

At Salmon Business Group, we operate 3 schemes which allow your business to claim back monies and also reduce costs.

KINGSCREST VAT RECOVERY SCHEME
A court ruling secured by Kingscrest at High Court now allows Care Home owners the opportunity to recover VAT over a 9 year period. These claims are worth on average £3500 per bed. read more

CAPITAL ALLOWANCES

Capital Allowances enable the cost of capital assets to be written off against the taxable profits of a business. read more

LINENS AND SOFT FURNISHING COST REDUCTION SCHEMES

Care Homes and Healthcare
	Educating Care Home Owners about the numerous ways in which they can reclaim funds and reduce their everyday running costs.
	Care Home over recent years have been hit with rising costs that have not all been recoverable. Our experience in the Care Sector spans 20 years and we specialise in assisting Healthcare operators to reduce costs in key areas. Whether you are a new operator, or a long serving provider there are schemes available to reduce your tax liabilities and runnings costs in key areas. At Salmon Business Group, we operate 3 schemes which allow your business to claim back monies and also reduce costs.
	Kingscrest VAT Recovery Scheme
	A court ruling secured by Kingscrest at High Court now allows Care Home owners the opportunity to recover VAT over a 9 year period. These claims are worth on average £3500 per bed. read more
	Capital Allowance Recovery Scheme
	Capital Allowances enable the cost of capital assets to be written off against the taxable profits of a business. read more
	Linens and Soft Furnishing Cost Reduction

Testimonials are indeed a very powerful aid in providing reassurance to anyone who may be caught in two minds.  Below are two recent testimonials regarding VAT refunds on Care Homes.

Take advantage of the feedback from the people who have already gone through the Kingscrest process and hear first hand how simple and easy it is to make your claim.

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“A close friend with several Care Homes recommended I should also enquire as to whether we were suitable for the VAT claim. The team explained all about Kingscrest and how it could benefit our business. They had a different approach to others who had contacted us, probably because they are VAT specialists with many years of experience in the care sector. Their staff were extremely professional working discreetly in managing the whole claim and after the initial meeting kept us informed all the way through until repayment was in our bank. They really are the people to speak to about your potential VAT claim.”

Dr Saxena (S&S Healthcare Limited)

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“As a group with a dozen Care Homes we are constantly receiving calls and mailings from firms claiming to be able to get VAT back for us. I was finally persuaded, by a fellow Care Home operator, who had done a claim successfully. Because I was assured that the process wouldn’t cost me a penny until I had recovered the VAT, I agreed to do this on one Home initially. I was so impressed with the result both
in the way the process worked and with the value of the claim, that I had no hesitation in agreeing to have the rest of my Homes reviewed. This has brought about significant benefits to the group. I can see now why they have handled a large number of claims and I recommend speaking with them about a VAT claim for your home.”

John Hill (Heathcotes Limited and Hillcare Limited)

Are you claiming your entitlement of Capital Allowances?

Capital Allowances are amongst the most valuable and least exploited methods of reducing property owners’ income tax or corporation tax liabilities. Capital Allowances arise from capital expenditure on:- Purchasing or Constructing a new property along with Extensions and Refurbishments.

We carry out retrospective, current year, and new build capital allowance claims, both for individuals and companies in relation to commercial properties right across the commercial sector. Most retrospective capital allowance claims that we handle lead to a significant tax refund for the client. We will quickly identify the validity of a claim without obligation. If a claim does not proceed there will be no fee.

We comprehensively survey the property which allows us to identify any qualifying items that, for numerous reasons, have previously not been claimed.

Enquiries: Telephone 01246 293011 or Visit: www.salmon-business.com

This is aimed at all those people in life who say “yes I already know“, or even worse say “No, you’re wrong” without taking the time to LISTEN to those offering VALUABLE KNOWLEDGE – for it is this group that will never truly reach their full potential.  It is this same group of people who constantly pave the way for the ones who are willing to listen, for it is the ones who listen who posses the ultimate power of making decisions based on fact’s from a higher source rather than just their own limited knowledge.

“Some people will never truly reach their full potential”

My advise for this week is to take full advantage of listening to the people offering VALUABLE and FREE KNOWLEDGE – the time taken to listen will often cost you far less than the high price of failing to act upon this information!

“the time taken to listen costs far less than the high price of ignorance and the failure to act upon this valuable information”

Ignorance is like a thief in the night, it robs you of taking advantage of your full potential both in life and in business.  This sentence always reminds me of the Care Home operator who was the rightful claimant of a £700,000 Government VAT refund.  It was this same level of ignorance and closed minded approach to business that still to this day stands in the way of them receiving this huge payout.  You might be thinking at this stage that their was a huge amount of work for this owner to undertake in order to make this claim!  Actually on this occasion their was very little they had to do, the high price they were asked to pay to receive this money was a 30 minute meeting!!! Yes that’s right 30 MINUTES, that’s the only investment Care Home owners need to make in order to claim this VAT REFUND.

If you are a Care Home owner who was operating between January 1993 and March 2002, you are more than likely the lucky recipient of this huge VAT windfall.  To take advantage of this claim please contact one of VAT advisers on 01246 293011, or visit www.salmon-business.com

Allowing Care Home Owners to claim their VAT refund

In a climate where Care Home Operators are still suffering rising costs, reduced placements and great uncertainty about their future, the opportunity to recover up to 9 years of VAT is greatly needed. Cost reduction specialists Salmon Business Group look at how Care Home Operators can reclaim retrospective VAT for Nursing and Residential Homes.

Despite the ruling taking place back in 2002, many operators have failed to avail themselves of the opportunity thinking that they could not make a claim.  You may not have all the records, this doesn’t matter, we can work with minimal information to secure a successful outcome. We can assess your claim free of charge and advise as to what the next step should be and take this through to completion and funds in your bank account. If we are not successful there is no charge so you have nothing to lose.

Enquiries: Telephone 01246 293011 or Visit: www.salmon-business.com