Structures And Buildings Allowance

This section allows input and calculation of capital allowances on Structures and Buildings.  

Click the link for more information on the allowance https://www.gov.uk/guidance/claiming-capital-allowances-for-structures-and-buildings  

Enter details of expenditure into the grid: 

• Description – a description for the building or structure 
• Date purchased – date the expenditure was incurred. 
• Original expenditure – enter the amount of the purchase cost of the asset 
• Allowance – this is automatically calculated based on the expenditure multiplied by the prevailing rate which is 3% for a standard period but apportioned where the accounting period is less than a full year. A note appears above the data entry grid advising of the percentage being used to calculate the allowance for the period.