Healthcare
Vickery Holman have acted for a range of clients in relation to healthcare and education premises for many years, but we have now launched a specialist department with extensive knowledge of this sector.
Healthcare property services covering the South West
The Vickery Holman Healthcare team delivers tailored property solutions for healthcare facilities throughout the South West with a commitment to professionalism and expertise.
With over 25 years of experience in healthcare property, our team has worked with medical centres, pharmacies, dental clinics, and other health service providers across the Southwest. Our comprehensive services encompass GP practices, medical hubs, dental surgeries, pharmacies, secondary care establishments, care homes, veterinary clinics, nurseries, and educational institutions.
Our expertise includes notional rent appeals (CMR), lease negotiations, market valuations for partnerships or secured lending, sale and leaseback transactions with NHS endorsements, property disposals, acquisitions, expansions, modernisations, structural assessments, and estate management. Our goal is to help you make informed decisions about your property’s future.
Vickery Holman act for a range of providers including:
- Dentists
- Vets
- Doctors
- Pharmacies
- Care homes
- Nurseries and schools
Our specialist team of Chartered Surveyors across the South West can provide services including:
Market Valuations: Detailed appraisals for partnerships, secured loans, or dispute resolution.
- Rent Reviews & Lease Renewals: Optimising income and securing favourable terms for landlords and tenants.
- Notional Rent Appeals (CMR): Boosting practice rent reimbursements.
- Sale & Leaseback, Acquisitions, and Disposals: Expert guidance from start to finish.
- Property Management: Services for both occupiers and proprietors.
- Building & Condition Surveys: Including maintenance planning and dilapidation consultations.
- Business Rate Advice: Reviewing your eligibility for business rates relief or assessing the accuracy of your business rates assessment.
Contact Us
Ready to explore how Vickery Holman Healthcare can assist you? please do not hesitate to get in touch here.
Key Contacts
Healthcare FAQs
What is attractive about owning a healthcare practice?
Owning a healthcare practice property can offer stability, reliable income, and potential for long-term growth, making it an attractive investment option for commercial property owners. However, it’s essential to conduct thorough due diligence, understand healthcare industry dynamics, and consider regulatory factors before investing in this sector.
Is there any tax relief in relation to Healthcare property?
In the UK, there are various tax reliefs and allowances available to property owners, including those who own healthcare properties. Some of the tax reliefs that may apply specifically to healthcare property ownership include:
Capital Allowances: Property owners may be eligible to claim capital allowances on qualifying expenditure incurred on fixtures and fittings within healthcare properties. This includes items such as medical equipment, furniture, and certain building fixtures. Capital allowances allow property owners to deduct the cost of these assets from their taxable profits, reducing their tax liability.
Business Rates Relief: Some healthcare properties may be eligible for business rates relief or exemptions. For example, properties used for charitable purposes or for the provision of medical services may qualify for relief from business rates, reducing the property owner’s tax burden.
VAT Relief: Certain healthcare services provided by registered healthcare professionals are exempt from VAT. Property owners leasing space to healthcare practitioners or organizations providing exempt healthcare services may benefit from VAT relief on rental income.
Entrepreneurs’ Relief: Property owners who sell their healthcare properties may be eligible for Entrepreneurs’ Relief, which provides a reduced rate of capital gains tax (10% instead of the standard rates) on qualifying gains arising from the sale of all or part of a business, including the disposal of a healthcare practice.
Stamp Duty Land Tax (SDLT) Relief: There may be SDLT relief available for certain healthcare property transactions, such as transfers of property between related entities or transactions involving the transfer of property to a registered charity.
Inheritance Tax Relief: Inheritance tax reliefs may apply to healthcare properties held within an estate, particularly if the property is used for charitable purposes or qualifies for other reliefs or exemptions.
It’s important for property owners to seek professional advice from qualified tax advisors or accountants to fully understand their eligibility for tax reliefs and to ensure compliance with tax laws and regulations. Tax relief schemes may be subject to specific conditions, limitations, and eligibility criteria, so it’s essential to evaluate each relief in the context of individual circumstances.
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