Key Features

The key features of this investment are as follows:

• Total Income’ capital allowances available over 7 years.

• Partnership bank loan Non Recourse to both interest and capital.

• Partner’s return derived exclusively from annual tax savings over 7 years.

Equity

A group of six tax partners will be admitted to the 'Pairc na Coille Tax Partnershp' to acquire the relevant interest in five purpose built retirement dwellings situated at Pairc na Coille Nursing Home and Retirement Village, Ennis, Co.Clare.

The village is operated and managed by Mowlam Healthcare Limited, Irelands leading nursing home operator, with fifteen Nursing Homes located throughout Ireland.

Tax Partners Equity is €50,000 per Partnership Unit.

Return

Participating Tax Partners will benefit from significant tax savings against ‘Total Income’ and receive a
substantial return on their investment over 7 years as follows:

Year		€	€
0	Initial Investment		(50,000)
1-7	Cash Benefit of Tax Savings (€222,997@46%)	102,579
1-7	Annual Administration Fee of €350 p.a.	(2,450)
1-7	Total Cash Return		100,129
	I.R.R		33%

 

Capital Allowance

Each Tax Partner will benefit from capital allowances of €222,997 generating a total tax saving of
€102,579 (@46%) over the investment period. The capital allowances are available as follows:

Total Income	Years 1-6	€31,750 x 6 years	€190,500
Total Income	Year 7	€21,362 x 1 year	€21,362
Total			€211,862
Rental Income	Years 1-7	€1,591 x 7 years	€11,135
Total			€222,997