Extracting Profits Through Care Home Real Estate

Trinava’s report for the Centre for International Corporate Tax Accountability and Research (CICTAR), investigates how real-estate speculation is contributing to the crisis in long term care for the elderly. An estimated £1.3bn a year is being paid in rent by for-profit UK care homes, with many locked into rental agreements which rise annually in line with inflation.

“While the current funding debate focuses on the profitability of care home operating companies, the additional wealth extraction that comes from care home property development and rental is often overlooked. Using a top 5 operator in the UK (Care UK) as an example of a group with separate operating and development companies, this report highlights and explores the vast profits being made, and provides recommendations to address the problems raised.“

https://cictar.org/all-research/extracting-profits-through-real-estate