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Structural inadequacies
Key points
- Structures and buildings allowances will be available at 3% over 33 and one-third years.
- Restrictions apply when research and development allowances are claimed.
- SBAs should apply to the residential sector to encourage house building.
- Boosted SBAs could be used to help the UK reach its net zero target.
In his first Budget chancellor Rishi Sunak had an overwhelming amount to grapple with. But he struggled with basic maths in setting the structures and buildings allowances (SBAs) from 31 March (corporation tax) and 6 April (income tax) at 3% over 33 and one-third years – accelerating the benefit of the allowances from the previous 2% for 50 years. Although the published details do not set out the precise operation of the calculations required one expects that the last...
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