Capital allowances: Industrial buildings
There are no IBA writing down allowances for Financial Year 2011 onwards. See CA30101.
Company with industrial building leaves tonnage tax
Where a tonnage tax company with an industrial building as a tonnage tax asset leaves tonnage tax, the amount of unrelieved qualifying expenditure on the industrial building is calculated as if:
- the company had never been subject to tonnage tax, and
- all possible allowances and charges under the IBA legislation had been made.
|FA00/SCH22/PARA86 (exit: Industrial buildings)||TTM17471|