Investments in construction and building projects are vital, and the capital allowances regime plays a crucial role in supporting these investments.
Structures and buildings allowances (SBAs) are a key, yet under-used incentive, offering a 3% annual tax relief on construction costs that do not typically qualify for other allowances.
Despite the modest rate, the financial impact can be significant, especially when combined with other capital allowances. SBAs are particularly beneficial for long-term property holders, providing a steady cash-flow advantage.
The complexity of SBAs necessitates careful consideration of claims. Our experts can help you navigate the intricacies, ensuring accurate claims and maximising tax relief.
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