New 2% structures and buildings allowance

November 3, 2018|In KRW Tax news|By Keith Witchell
The Chancellor announced a new structures and buildings capital allowance, which will be set at a rate of 2% per annum, will apply to all newly constructed non-residential buildings and structures where construction works commenced on or after Budget Day. This a welcome measure, following the abolition of both the Industrial Buildings and Agricultural Buildings Allowances back in 2011.

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Keith Witchell