The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:
The Business Premises Renovation Allowance (BPRA) is available to any individual or company who incurs capital expenditure on bringing qualifying business premises back into business use.
The BPRA gives 100% initial allowances for capital expenditure on the renovation or conversion of business properties that have been vacant for a year or longer in designated disadvantaged areas of the UK. Allowances are available for expenditure incurred before 6 April 2017 (1 April 2017 for companies).
To qualify for the BPRA, the building must:
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