A new writing-down allowance (structures and buildings allowance, or SBA) has been announced for nonresidential structures. It affects construction contracts entered into on or after October 29, 2018.
Effective January 1, 2019 to December 31, 2020, the maximum annual investment allowance (AIA) available to companies will increase from 200,000 pounds per year to 1m pounds per year.
Effective April 2019, the rate at which expenditure in the special rate pool is written down will fall from 8 percent to 6 percent.
Helpful tool for meeting new Statutory Residence Test (SRT) compliance requirements