Tag: Investment Zones
Freeports and Investment Zones
With Freeports now confirmed in Wales (Celtic Freeport covering Milford Haven and Port Talbot, and Anglesey Freeport in North Wales), and an Investment Zone confirmed for Northeast Wales, this guide highlights the key tax benefits available to businesses operating in or relocating to these zones. According to UK government guidance, eligible companies can benefit from…
Enhanced Structures and Buildings allowances in Freeports
Businesses that spend money on eligible costs for constructing or upgrading commercial structures and buildings within designated Freeport tax sites will receive a special tax benefit. This will involve an increased rate of Structures and Buildings Allowance (SBA) that applies to qualified expenses related to creating new structures or improving existing ones, specifically for commercial…
