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