End of tax-driven health development

The move by finance minister Brian Lenihan to abolish capital allowances for property development in the health sector has caused major uncertainty among developers and investors.

Susan Mitchell

Deputy Editor and Health Editor @susmitchellsbp
11th April, 2009

The move by finance minister Brian Lenihan to abolish capital allowances for property development in the health sector has caused major uncertainty among developers and investors.

However, healthcare consultants say they do not believe the move will have a detrimental effect on the sector. The budget change applies to the development of private hospitals, nursing homes and convalescent homes, which previously qualified for generous tax breaks, allowing a 100 per cent capital write-off over seven...

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