CA37100 - IBA: Enterprise zones: Qualifying expenditure

CAA01/S298 - S304

Expenditure incurred, or incurred under a contract entered into, within 10 years of the site of the building being included in an enterprise zone on constructing:

• industrial buildings,
• commercial buildings, and
• qualifying hotels,

qualifies for an industrial buildings allowance at the special rate for buildings in enterprise zones.

For example, the Isle of Dogs enterprise zone was designated on 26 April 1982 and so construction expenditure incurred in the period 26 April 1982 to 25 April 1992 qualifies for enterprise zone allowances. Expenditure incurred in 1993 under a contract entered into on 15 March 1992 will also qualify because it was incurred under a contract entered into during the life of the zone.