Business Premises Renovation Allowances

Business Premises Renovation Allowances (BPRAs) are a valuable incentive to those seeking to bring derelict or disused properties back into use.

Taxpayers undertaking qualifying conversion or renovation works may claim an initial allowance of 100% of the qualifying expenditure. In simple terms, this means that the taxpayer may claim all the qualifying costs of conversion against income in the year of expenditure. The scheme has a finite life and, unless extended, will be available for expenditure incurred up to the tax year ending April 2017.

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