Business premises renovation allowances

By Tolley

The following Owner-Managed Businesses guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Business premises renovation allowances
  • Business Premises Renovation Allowances

Business Premises Renovation Allowances

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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