BPRA gives incentives to bring back into business use derelict or business properties that have been unused for at least one year. It provides an allowance of 100% of certain expenditure incurred when converting or renovating unused business premises in a disadvantaged area.
This allowance ends on 31st March 2017 for Corporation Tax and 5th April 2017 for Income Tax.
Therefore, all funds must be incurred by 11th April 2017.
Any business considering renovating a building must act in the upcoming financial year or miss out on the BPRA.
A list of disadvantaged areas can be found here.
Or use the postcode finder here.
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