Industrial Building Allowances were abolished from 1 April 2011 for corporation tax purposes and 6 April 2011 for income tax purposes (FA 2008, s. 84 and Sch. 27). The commentary below explains the rules as they applied before they were repealed.

Given the nature of the rules relating to enterprise zone expenditure, it is quite possible that part of the cost will be incurred within the 10-year time limit and part at a later date. For the person incurring the original expenditure, the treatment is straightforward – the expenditure qualifies as enterprise zone expenditure only if it is incurred within the time limits (former CAA 2001, s. 299, which was repealed by FA 2008, s. 84).

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