CIOT comments on capital allowances for structures and buildings

Released 4 February 2019

The Chartered Institute of Taxation (CIOT) has published its comments on the new Structures and Buildings Allowance (SBA) announced by the Chancellor at Budget 2018.

The CIOT welcomes the policy objective and the giving of relief for this type of business expenditure, however, considers the current proposals for the SBA are over complicating matters. The policy aims could have been achieved by a simpler approach of incorporating the relief for this expenditure into the existing capital allowances available. The CIOT urges the Government to consider whether a simpler, more streamlined approach to the SBA is possible.

View the submission at Capital allowances for structures and buildings - CIOT comments.

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