Business Property Renovation Allowance

June 2007

The long awaited commencement date for this tax allowance has now been published - it will be applied to qualifying expenditure incurred on or after 11 April 2007.

The relief will be of great value to property investors considering the purchase and refurbishment of business property in disadvantaged areas.

The allowance will provide a 100% write off for capital expenditure on renovation costs but will only be given if the building has been vacant for at least one year prior to conversion.

If you want to see if your future property investments fall within this new relief please call to discuss your plans, before you complete the purchase!