HMRC-HMT consultation on new capital allowance for new non-residential structures and buildings

Released 13 March 2019

HMRC and HM Treasury are inviting views on draft secondary legislation, following announcement of the Structures and Buildings Allowance at Budget 2018.

The Government announced the measure to support business investment in new non-residential structures and buildings and to enhance tax relief for such assets. The technical note published at Budget 2018 outlined the key features of the policy and included consultation questions on residential use exclusion, leasing provisions, overseas property treatment and disuse provisions. For the second part of the consultation process, the Government invites views on the legislative detail, before it is laid before and approved by the House of Commons. The consultation closes at 11:45pm on 24 April 2019. Responses can be submitted by email to: capitalallowances@hmrc.gsi.gov.uk or by writing to: Structures and Buildings Allowance consultation, 1 Munroe Court, White Rose Office Park, Leeds, West Yorkshire, LS11 0EA.

View the consultation documents at Draft legislation detailing a new capital allowance for new non-residential structures and buildings.

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