Business Premises Renovation Allowance (BPRA)
29 Sep, 2016
The Business Premises Renovation Allowance (BPRA) is a special capital allowances scheme to encourage the conversion and renovation of empty business properties in specified assisted areas (i.e. deprived areas in the UK).
The use of the BPRA provides for a 100% tax deduction on the capital costs a business incurs in converting, renovating or repairing empty business premises that have been vacant for at least a year, in order to bring them back into business use. The relief
is available to individuals and partnerships as well as companies.