Structures and Buildings Allowance (SBA) lets businesses claim tax relief on the cost of constructing, renovating or converting most non-residential buildings and structures.
How the relief is given
Relief is given at a flat 3% a year over 33 and a third years, covering the construction cost but not the cost of the land itself. It applies to offices, factories, warehouses and other commercial buildings, but not to residential property.
Tax rules depend on individual circumstances and can change. This glossary is general information rather than personalised tax advice.