Company premises & IBA's available

baduk10baduk10 Feels At HomeRegistered Posts: 34
The company I work for has been renting premises for the last 10 years. They have now decided to buy a commercial building rather than lay out further dead money. I though that maybe the company could have claimed IBA’s against the purchased property, but looking on the HMR&C website it looks as though IBA’s are being phased out now (April 2011). Does that mean that no allowances are now available?

Thanks in advance.

Comments

  • Gem7321Gem7321 Experienced Mentor DevonMAAT, AAT Licensed Accountant Posts: 1,438
    IBA has been phased out since 2008 (I think) and is no longer available from April 2011.
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