Policy paper

Income and Corporation Tax: repeal of the renewals allowance

This tax information and impact note applies to businesses and landlords currently using renewals allowance to obtain tax relief for expenditure on replacement and alteration of tools.

Documents

Details

The measure will ensure that tax relief for expenditure incurred by a business on replacement and alteration of tools is obtained under the same rules as apply to other equipment.

Updates to this page

Published 16 March 2016

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