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What is capital?

Capital is specifically defined in CRAG (Charging for Residential Care Guide) as something that is not held for a limited period or intended to form part of a series of payments.

In practice, capital includes most assets, i.e.

  • Cash.
  • Savings such as, bank accounts, National Savings, Investments, Shares.
  • Overseas properties
  • Business Assets
  • Land & Buildings
  • Property under trust to which you are beneficially entitled
  • Other property (excluding your principle private residence), e.g. second homes Personal possessions would not normally be regarded as capital unless they were acquired as a result of "extravagant expenditure.

If you would like further information please contact us