LOOKING FOR A TAX BREAK – GET A HEAD START ON YOUR 2020 TAX EXPOSURE
AN EIIS PRIVATE PLACING INVESTMENT OFFERS UP TO 40% ALL INCOME TAX RELIEF
The 2020 Brampton Care Limited EIIS Private Placing investment opportunity offers eligible investors up to 40% tax relief and a maximum return of €1.10 per €1 invested. No High Income Earners Restriction means tax relief can be claimed on the maximum allowed investment – €250,000 – in the year of investment.
Following significant demand for EIIS projects in 2019 we expect this to be fully subscribed and encourage early booking. The closing date is 18 December 2020, or earlier if fully subscribed.
|Investment term||4 years||Tax relief available||Up to 40%|
|Maximum investment||€250,000||Minimum investment||€5,000|
|Proposed exit||Q1 2025||Phase 3 & 4||68 beds and additional facilities|
|Projected net cash flow||€22,597||Projected buyout price||1.10 per €1 invested|
|Based on a €50,000 investment||Capped on exit|
|Closing date||18th December 2020||New EIIS certification rules:||BCL will self-certify the|
|Early booking encouraged as private placing will close once fully subscribed which may be before official closing date||investors’ tax relief & provide Statements of Qualification|
|Brampton Care Ltd is a company established to run Brampton Care Home (“BCH”), an upmarket, modern care home situated off Main Street in the heart of Oranmore, County Galway, in the former Galway Oyster Hotel premises.|
BCH is one of the most modern and spacious nursing home facilities in the West of Ireland. Operational since November 2018 BCH currently has capacity for 77 residents. Phase 1, comprising of 46 beds, has 100% occupancy. Phase 2, comprising an additional 31 beds, opened to residents in September 2020. The Promoter is growing the facility in managed phases to reduce the operational and financial risk, and will eventually cater for 145 residents. When completed it will be the largest private nursing home in the region.
The EIIS funds raised in this the 2020 private placing will be used to fund the development and construction of Phases 3 & 4 – comprising 68 beds and additional facilities including a laundry, staff changing room, canteen and administration offices. Initially the Promoter had only intended to raise €3m in 2019, with follow on funding targeted for 2020. However, due to the demand for the project the total EIIS funds raised in 2019 was €5m. A further €5m is now targeted for the 2020 fundraising.
CLOSING DATE: 18 December 2020
FOR FURTHER DETAILS CONTACT
Associate Tax Director