There are two very important areas of capital allowances that come into play when acquiring commercial property. The Structures and Buildings Allowances (SBA) that is available on the capital costs of purchase, construction or renovation of eligible structures and buildings, and also fixtures allowances that relate to equipment embedded into the property and, in some cases, can account for a substantial proportion of the purchase price. In both cases, it is essential to consider both opportunities early on in the purchase to ensure that you meet the strict rules laid down by HMRC and don’t lose out because of some administrative oversight.
