Is the Structures and Buildings Allowance the New Industrial Buildings Allowance
The Industrial Buildings Allowance was introduced by the government as part of its 1945 Income Tax Act to boost post-war productivity in industry. The idea behind the scheme was that, whatever the capital cost of constructing a manufacturing or processing building, whoever oversaw the building would be given tax relief. The Industrial Buildings Allowance was originally aimed at the productive industry, but it was expanded to include allowances on infrastructure, such as tunnels, bridges, roads, and even hotels and commercial properties.
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