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Industrial building allowance query

Simplyjoe · 2010-10-16 20:51:59

Can a tyre fitting and supply centre claim industrial buildings allowance on expenditure on its premises. Very hard to find an accurate definition of what constitutes an industrial building? Can he claim the allowance on the purchase cost of a seperate building that previously traded as a garage? This is doing my head in…

16-10-2010 08:51PM

#1

Simplyjoe

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Posts: 34

Can a tyre fitting and supply centre claim industrial buildings allowance on expenditure on its premises. Very hard to find an accurate definition of what constitutes an industrial building? Can he claim the allowance on the purchase cost of a seperate building that previously traded as a garage? This is doing my head in and I would really appreciate some guidance from other tax professional users of Boards.

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#2 17-10-2010 09:56PM

Mr. Incognito

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There is a list on the revenue website and in the legislation.

It will not qualify

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