Structures and Buildings Allowance

Structures and Buildings Allowances applies to expenditure incurred for new construction contracts entered into after 29 October 2018 and provides a 3% writing down allowance against expenditure which was previously non qualifying for Capital Allowances.

The relief though is not as straightforward to calculate as perceived by many, especially where properties are multi let or multi use, and there are various requirements to be met to enable a claim to be made.

Key Contacts: