TTM09430 - 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.

References

FA00/SCH22/PARA86 (exit: Industrial buildings)	TTM17471