For illustrative purposes the following assumptions are being made: -

The Nursing Home is a 60 bed unit on a 3 acre site, designed to meet the standards stipulated by the Health Information and Quality Authority (HIQA) and Regulations made under the Health Act 2007, with special emphasis on Health and Safety issues, and designed to maximise the efficient use of labour.   Fixtures, i.e. kitchen Etc. form part of the structural costs for tax purposes.

Background:

The tax relief’s, for Nursing Homes and care residential units, have given immense value to the Government in providing modern community care beds for older people at minimum costs. The per bed tax revenue foregone by the exchequer, amounts   to between €55,000 and €60,000, depending on location. For tax calculation there is an investor lock in period of 15 years