The end is in sight for Business Premises Renovation Allowance (BPRA), which has assisted people looking to bring unused or derelict property back into use.
BPRA can provide 100% relief for expenditure on converting or renovating unused commercial property for business use.
The relief comes to an end on March 31, 2017, for companies and April 5, 2017, for companies.
In order to qualify for the relief, a number of conditions had to be met including the area the property is situated, the person doing the work, and the subsequent use of the property.
The types of expenditure that qualify for the relief are generous, including building work, professional fees and management fees as well as some plant and machinery.
For further information, contact Phil Bates at Phillip Bates & Co, a Cheshire and Wirral firm of chartered accountants.