Policy paper
Statement on the designation of Freeport tax sites
This paper sets out progress on the designation of Freeport tax sites.
Documents
Details
After designation, businesses in these Freeport tax sites will be able to benefit from tax reliefs including:
- an enhanced 10% rate of structures and buildings allowance
- an enhanced capital allowance of 100%
- full relief from Stamp Duty Land Tax
- business rates relief
- employer National Insurance contributions relief, subject to Parliamentary process and approval