The government has created a new capital allowance, seeking to meet the longstanding request by business representative groups. From 29 October 2018, the structures and buildings allowance gives 2% straight-line tax relief for the construction, renovation or conversion of most non-residential structures and buildings located in the UK or overseas, where a UK tax liability exists.
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The government has created a new capital allowance, seeking to meet the longstanding request by business representative groups. From 29 October 2018, the structures and buildings allowance gives 2% straight-line tax relief for the construction, renovation or conversion of most non-residential structures and buildings located in the UK or overseas, where a UK tax liability exists.
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