Page 34 - Capital Allowances Recoupments Part 1 (CTA)

Commercial buildings (s 13quin)

- Commercial buildings and improvements to these buildings

- Which was contracted for and erected on or after 1 April

2007.

- TP owns a new or unused building, and

- That building / improvements are wholly or mainly used

during the yoa for producing income

- in the course of his trade,

- but excluding the provision of residential

accommodation.

CAPITAL ALLOWANCE?

= 5% per year x cost (or improvement)