Vol. 515 No. 1
138 Mr. Creed asked the Minister for Finance the financial incentives, if any, available to encourage the provision of additional nursing home accommodation; the take up of these incentives; and if he will make a statement on the matter. [5388/00]
Section 268(1)(g) of the Taxes Consolidation Act, 1997, provides for capital allowances in relation to nursing homes. These allowances apply in respect of capital expenditure incurred from 3 December 1997 on building new nursing homes, upgrading or extending existing homes or converting existing buildings into nursing homes. The allowance is 15% of the capital expenditure in years one to six, with 10% in year seven.
I am informed by Revenue that under the normal self-assessment rules any person seeking to claim capital allowances in respect of a qualifying building would submit their claim on the appropriate tax return form. However, the form does not distinguish between capital allowances claimed in respect of nursing homes from those claimed in respect of any other industrial building. Consequently it is not possible to indicate the level of take-up of this incentive.
