CA91500 | Structures and buildings allowance (SBA): allowances: demolition

CAA01/S270AA(4), S270BJ

Where the entirety of a building is demolished, it will cease to qualify for SBA. The remainder of any unclaimed SBA on the costs of the building will be lost. SBA claimed will be added to consideration (even where the consideration is nil) in the Capital Gains computation.

Demolition only applies to the demolition of an entire building. Where parts of a building, such as a single wall, are demolished, any capital costs of demolition or restoration works are covered under the capital renovation and conversion provisions CA93200.