| Get 100% tax relief for converting a flat over retail premises with aseperate entrance |
![]() |
| Posted by Administrator (admin) on Feb 19 2008 at 8:16 PM |
| news >> |
Get 100% tax relief for converting a flat over retail premises. Many older commercial properties were originally built with residential accommodation on the upper floors, such as a flat over a shop, or the landlord’s living quarters above a pub. If this area has been unused for at least a year, you can claim a 100% tax allowance for the capital costs of converting the space into a flat with a separate entrance or renovating an existing flat. The finished flat must be let for a fairly modest rent; so this allowance may not be available for high-cost areas.
Back |
