Commentary

B3.905 Initial allowances

Business tax
Business tax | Commentary

B3.905 Initial allowances

Business tax | Commentary

B3.905 Initial allowances

Assured tenancy allowances are not available for any expenditure incurred after 31 March 1992, see B3.901.

Initial allowances were given at the following rates—

Date expenditure incurredRate
After 9 March 1982 and before 14 March 1984a75%
After 14 March 1984 and before 1 April 1985b50%
After 31 March 1985 and before 1 April 1986c25%

Generally no initial allowance is available for expenditure incurred after 31 March 19861. Expenditure incurred on the purchase of an already constructed but unused building was regarded for this purpose as having been incurred on the date when the last item of construction

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