Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Allowances Manual

From
HM Revenue & Customs
Updated
, see all updates

IBA: highway undertakings: when concession treated as extended

Budget 2007 announced a business tax reform package including the gradual withdrawal of IBAs and ABAs over four years. Legislation was introduced in FA08 to give effect to those changes. The phased withdrawal of IBA writing down allowances had effect for chargeable periods ending on or after 1 April 2008 for businesses within the charge to CT and 6 April 2008 for businesses within the charge to IT. There are no IBA writing down allowances for the financial year beginning on 1 April 2011 and subsequent years.

A person who has a highway concession for a road may take up a renewed concession for all or part of it. The renewed concession is treated as extension of the original concession provided that the renewed concession is for all or part of the road for which the original concession was granted.

Treat a new concession for all or part of the original road that is taken up by the person who had the original concession or by a connected person in the same way.