We can help businesses figure out the qualifying buildings and the qualifying business premises. BPRA is only available for expenditure on qualifying building. These are commercial buildings in an area selected as a disadvantaged area (but have not been formerly used as a dwelling). A qualifying building turns into qualifying business premises when it is available and appropriate for use of leasing for the purposes of a trade, or as an office. The building cannot be used, or accessible for use, as part of a dwelling.
Most of the amount spent used to renovate, repair, or convert a building into business premises will qualify for 100% tax relief. This includes:
BPRA will not be applicable to any capital expenditure in building extensions, buying the land, or developing neighboring land. BPRA will only be applicable to plant and machinery, if it is an essential attribute for capital allowance purposes or is restricted on a list of explicit fixtures, which includes fitted cupboards, sanitary fittings, and alarm systems. Integral features include electrical systems, lifts, and air conditioning. BPRA will only be accessible for expenditure to the extent that it does not surpass the market value for the services or works. BPRA claims cannot be made if a grant has been or will be received with regards to the building in question.
