Supplementary Budget 2009 - Capital Allowances

Termination of Capital Allowances Scheme for Private Hospitals and Nursing homes

Property-related accelerated capital allowance schemes in the Health Sector are to be terminated. These schemes cover private hospitals, registered nursing homes, convalescent homes and associated residential units as well as mental health centres. Transitional arrangements will be put in place for projects that are at an advanced stage of development.

Schemes for palliative care units and childcare facilities will remain in place.

The Finance Bill will contain further details on this measure.