The Department of Finance have published the Indecon Evaluation of the scheme of capital allowances for qualifying residential units associated with nursing homes.

The report represents a follow-on to the major review undertaken previously by Indecon of property based incentive schemes.

One of the recommendations in the report is that the Residential Units Nursing Home Scheme should be extended for a period with allowances of 50% of capital expenditure if allowances are claimed at personal tax rates and 75% of capital if expenditure claimed at corporate tax rates. If this seems familiar to you, you will have seen it introduced at Committee Stage of the Finance Bill 2007.

The full report is available at http://www.finance.gov.ie/documents/publications/other/IndeconrepNurs-homes.pdf.