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HMRC internal manual

Capital Allowances Manual

From
HM Revenue & Customs
Updated
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Business Premises Renovation Allowance: Conditions and commencement

CAA01/S360A

Conditions

BPRA is available where a person incurs qualifying expenditure on converting or renovatinga qualifying building CA45300. The allowance may be claimed by aperson who incurred qualifying expenditure CA45300 and has therelevant interest CA45400 in the qualifying building. This meansthat BPRA is only available to the person who does the converting or renovating. A personwho buys the relevant interest after the qualifying expenditure has been incurred cannotclaim BPRA because their expenditure on buying the building is not qualifying expenditure.

Commencement

There is a start date. Expenditure must be incurred on or after 11 April 2007 to qualify.

Expiry

The scheme has a life of 5 years so expenditure must be incurred before 11 April 2012 toqualify.