Tag: Structural & building allowance
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…
Structures and Buildings Allowance (‘SBA’)
What is the Structures and Buildings Allowance (SBA)? Businesses investing in new or renovated commercial buildings can benefit from a valuable form of tax relief known as the Structures and Buildings Allowance (SBA). Introduced in October 2018, the SBA allows eligible businesses to claim tax relief for the construction costs of commercial structures and buildings…
