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  

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.