Commentary

B3.280 Allowances and charges on industrial buildings

Business tax
Business tax | Commentary

B3.280 Allowances and charges on industrial buildings

Business tax | Commentary

Industrial buildings allowances

B3.280 Allowances and charges on industrial buildings

For the latest New Development, see ND.1902.

From 1 April 2008 industrial building allowances were phased out over a four year period before being abolished from 1 April 2011 for corporation tax purposes and 6 April 2011 for income tax purposes1. See B3.271 for details of the structures and building allowance (SBA), which aims to fill the gap left by the abolition of industrial buildings allowances (IBAs).

Prior to their repeal, industrial building allowances could be claimed in respect of qualifying expenditure on the construction of a building or structure which was2:

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