Buying or fitting out a nursery can represent a significant capital commitment in terms of expenditure. These costs can attract significant levels of tax relief in the form of capital allowances but they are rarely, if ever, claimed in full by the nursery operator.
This means that, year on year, nurseries may pay more tax than they should and, consequently, valuable cash that could, and should, be used in the operation of the business is taken by the taxman.
However, believe it or not, HM Revenue & Customs (HMRC) actually wants you to have this money - really! That is why it introduces these 'incentives to invest' in business in the first place. So why do nursery operators not claim their full entitlement to tax relief and, more importantly, what can be done about it?
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