Commentary

B3.1001 Introduction to flat conversions allowances

Business tax
Business tax | Commentary

B3.1001 Introduction to flat conversions allowances

Business tax | Commentary

Division B3.10     Flat conversions

For updates affecting this Division please see Part B0 Updates

Flat conversions: general

B3.1001 Introduction to flat conversions allowances

These allowances are not available for expenditure incurred on or after 6 April 2013 (income tax) or 1 April 2013 (corporation tax). However, see B3.1012 for balancing adjustments which can still apply.

FA 20011 introduced a scheme which enables property owners and occupiers to claim 100% capital allowances (known as flat conversion allowances) in respect of 'qualifying expenditure' (see B3.1003), incurred after 10 May 2001, on the renovation or conversion of vacant or underused space above shops and other

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