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 The commentary below explains the rules as they applied before they were repealed.

Introduction

The chance to obtain a full write-off for tax purposes of substantial capital expenditure is an attractive prize. It follows that HMRC will be particularly sensitive to any abuses of the system.

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