Business premises renovation allowances
Anti-avoidance provisions
Apportionment of sums partly referable to non-qualifying assets
Apportionments
Available allowances
Balancing adjustments
Balancing events and proceeds
Calculation
Generally
Balancing allowances and charges
Balancing events
Adjustments
Calculation
Demolition of qualifying building
Proceeds
Residue of qualifying expenditure
Claims
Delay in completing the works
Delays
Demolition
Designated disadvantaged areas
Designation of disadvantaged areas
Disentitlement of allowance, anti-avoidance provision
Disqualified trade sectors
Disqualified trade sectors before 22 July 2014
Disqualified trade sectors on or after 22 July 2014
Features described by HMRC
Fixtures
Generally
Giving effect to allowances and charges
Generally
Lessors and licensees
Trades
Grants in respect of qualifying expenditure
Grants received
Initial allowances
Generally
Premises not qualifying
Lease, meaning
Property losses
Qualifying building
Qualifying buildings
Qualifying business premises
Conditions
Generally
Meaning
Qualifying expenditure
Building use
Conditions
Exclusions
Expiry date for incurring
Generally
Market value
Meaning
Monetary limit
Relief cap
Use
Relevant interest
Relevant interest in qualifying building
Generally
Interest acquired on completion of conversion
Relevant trade, meaning
Sales treated as being for alternative amount
Sales treated as being for an alternative amount
Termination of a lease
Termination of leases
Generally
Lease, meaning of
Leasehold interest, meaning in Scotland
Transfer treated a sales
Value added tax additional liabilities and rebates
Balancing adjustments
Initial allowance
Rebates
Writing-down allowances
Value added tax liabilities and rebates
Writing off qualifying expenditure
Demolition costs
Generally
Initial allowances and writing-down allowances
Writing-down allowances
Amount of
Entitlement
Generally
Residue of qualifying expenditure, meaning
Writing-off