We can help businesses figure out the qualifying buildings
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:
- Architectural and design services
- The cost of labour and material
- Surveying or engineering services
- Statutory fees and statutory permissions (for example, the costs of building regulation fees)
- Planning applications