CA94760 - Enhanced SBA in freeport and investment zone special tax sites: Additional allowance statement requirement

CAA01/S270IA(5), S270BNA(6)

A valid allowance statement must be held for a claim to be made for SBA CA94600.

One of the conditions for qualifying expenditure to be special tax site qualifying expenditure is that the allowance statement made by the person who incurred the qualifying expenditure, and relied on for the first valid claim for the enhanced SBA, must state that the person wants the qualifying expenditure to be special tax site qualifying expenditure (See Condition E CA94751).

Where special tax site qualifying expenditure has been incurred, the amount of special tax site qualifying expenditure must be stated on the allowance statement for it to be a valid allowance statement.

You can accept an allowance statement which confirms that a person wants expenditure to be freeport qualifying expenditure or investment zone qualifying expenditure instead of referring specifically to special tax site qualifying expenditure.