Rules for non-residential structures and buildings allowance amended

HMRC has amended the compliance rules for a new capital allowance for non-residential structures and buildings (SBA) following consultation.

Under the scheme, businesses that invest in new builds or renovations on or after 29 October 2018 will be able to claim tax relief at 2% a year on eligible costs. The legislation will be passed under statutory instrument and claims can be backdated.

Read more at Accountancy Daily.