CA90450 | Structures and buildings allowance (SBA): outline: qualifying activity - specific businesses

CAA01/S270CB, S270CC, S270CD

Property businesses

A UK property business for SBA has the same meaning as in CAA01/PART2/S16 (see PIM1020).

An overseas property business for SBA has the same meaning as in CAA01/PART2/S17A (see PIM1025).

Any letting of a residential property is excluded from SBA because the building will be in residential use.

Foreign permanent establishments

Where a building’s relevant interest is held by, or is used for, the activities of a foreign permanent establishment outside the UK, and an election has been made under CTA09/S18A (exempting the profits from the charge to UK tax), the building will not qualify for SBA.

Companies with investment business

‘Managing the investments of a company with investment business’ means pursuing those purposes expenditure on which would be treated as expenses of management under CTA09/S1219, see CTM08000.

‘Company with investment business’ has the same meaning as CTA09/PART16/S1218B.