Page 28 - Capital Allowances Recoupments Part 1 (CTA)
P. 28
Buildings & improvements: annual allowance (s 13)
Annual allowance?
Erection / improvement commenced: Rate
Before 1 July 1985 # 2%
Between 1 July 1985 and 31 Dec 1988**# 2% (17.5% IA)
Between 1 January 1989 and 30 June 1996 5%
Between 1 July 1996 and 30 September 1999 10%
(if brought into use by 31 March 2000) Deleted!
From 1 October 1999 onwards 5%
**Annual allowance = [Cost – IA(17.5%)] x 2%
# Tax value and allowances of buildings erected before
1 January 1989 will be given.
