Business Premises Renovation Allowance (BPRA) - December 2007
This provides 100% capital allowances for the capital costs of renovating or converting unused business premises in disadvantaged areas. It is given to any individual or company who incurs capital expenditure on bringing qualifying business premises (owned or let) back into business use.
The scheme enables individuals or companies who own or lease property that has been vacant for at least one year in one of the designated disadvantaged areas of the UK to claim immediate, full tax relief on their capital expenditure incurred to renovate or convert the property in order to bring it back into business use.
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