Since the introduction of the Structures and Buildings Allowance (SBA) from 29 October 2018, taxpayers and advisers have been waiting for HMRC’s guidance. HMRC’s recent guidance has clarified a number of issues, but not all, although HMRC have said further updates to the Capital Allowances Manual will follow. Businesses and accountants need to consider whether […]
Structures & Buildings Allowance (SBA)
(For full details of the SBA see HMRCs technical note dated 29th October 2018 available here) Please also note there has been additional consultation on these new allowances and the final legislation will not be in place until the Summer of 2019. Therefore the information given below is only indicative and not final. Introduction The Budget […]