1042 - Business Premises Renovation Allowance (BPRA)
You can't claim any allowances for plant or machinery provided for use in a dwelling house.
The following guidance only applies if you've a 'standard' 12 month accounting period and summarises the allowances available. If your accounting period is shorter or longer than a year, or began before 6 April 2016, or if you want to know more about capital allowances, see Capital allowances and balancing charges: HS252 (which includes worked examples). Alternatively, contact HM Revenue and Customs or your tax adviser.
The Business Premises Renovation Allowance (BPRA) scheme took effect from 11 April 2007. From that date, for a period of 10 years, if you carry out conversion, renovation or repairs to business premises in Assisted Areas which have been unused for at least a year before the work starts and which brings them back into business use, you're entitled to claim a 100% allowance against the costs incurred, subject to the certain rules.
Further information about BPRA:
BPRA cannot be claimed:
- if the renovation expenditure has been incurred on any residential property
- on the costs of acquiring the land or building, extending the building, or developing land next to the business premises
