B3.280 Allowances and charges on industrial buildings
From 1 April 2008 industrial building allowances were phased out over a four year period before being abolished from 1 April 2011 for corporation tax purposes and 6 April 2011 for income tax purposes1. See B3.271 for details of the structures and building allowance (SBA), which aims to fill the gap left by the abolition of industrial buildings allowances (IBAs).
Prior to their repeal, industrial building allowances could be claimed in respect of qualifying expenditure on the construction of a building or structure which was2:
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•ÌýÌýÌýÌý in use for the purpose of a qualifying trade
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•ÌýÌýÌýÌý a qualifying hotel
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•ÌýÌýÌýÌý a qualifying sports pavilion, or
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•ÌýÌýÌýÌý a commercial building in an enterprise zone
In general, the allowances were based on the cost of
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