CA31210 - IBA: Allowances: Initial Allowance

CAA01/S306 & CAA01/SCH3/PARA75 - 77

The rate of initial allowance is 100% for buildings that qualify for the special rates of IBA for buildings in enterprise zones CA37000.

Normally, there is no initial allowance available on industrial buildings outside enterprise zones.

Initial allowance was introduced temporarily at a rate of 20% for construction expenditure incurred in the year ended 31 October 1993 on industrial buildings and qualifying hotels. That initial allowance was withdrawn if the building was not brought into use by 31 December 1994.