UK HMRC has published guidance on claiming the new Structures and Buildings Allowance (SBA) that was introduced as part of the Finance Act 2019. The SBA provides 2% tax relief per year for up to 50 years on costs towards the purchase, construction, or renovation of a structure where all construction contracts have been signed on or after 29 October 2018. To be eligible, the structure must:
- have not been used as a residence the first time it was used or during the period for which the SBA is …