Skip to main content

Industrial Building Allowance

Volume 712: debated on Monday 20 July 2009

Question

Asked by

To ask Her Majesty's Government whether the phased withdrawal of the industrial building allowance under the Finance Act 2008 applies to all companies. [HL5197]

The phased withdrawal of the industrial buildings allowance affects all businesses (not just companies) that are claiming industrial buildings allowances.

Asked by

To ask Her Majesty's Government what assessment they have made of how the withdrawal of the industrial building allowance under the Finance Act 2008 will affect how buildings are maintained. [HL5198]

We do not believe that the withdrawal of industrial buildings allowances will affect how buildings are maintained. Expenditure incurred in repairing and maintaining property is invariably revenue expenditure and as such not affected by the abolition of industrial buildings allowances.