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Home / Simons-Taxes /Business tax /Part B3 Capital allowances /Division B3.11 Business premises renovation /The allowances / B3.1110 Business premises renovation—initial allowances
Commentary

B3.1110 Business premises renovation—initial allowances

Business tax

B3.1110 Business premises renovation—initial allowances

A person who has incurred qualifying expenditure on a qualifying building is entitled to an initial allowance of 100% of the qualifying expenditure (see B3.1102)1.

The claimant may require the initial allowance to be reduced to a specified amount2.

The initial

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