Winckworth Sherwood

UK 200 2013 position: 94

The new capital allowances rules for property transactions

The biggest changes to the capital allowances (CAs) rules since July 1996 have been introduced for buyers and sellers of commercial property. This article takes a look at the new rules and how they affect those involved in commercial property transactions.

CAs are a form of tax depreciation that provide tax relief for property owners, occupiers and investors.

Since 2011, when industrial buildings allowances were abolished, there has been no tax relief available for expenditure incurred on the raw building or structural components of a building, such as the floor, roof, walls and so on…

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