HMRC - no place to claim new SBA allowance

Structures and buildings allowance (SBA)

The new tax allowance for businesses that spend on building or improving structures used for their trade can be claimed for expenditure incurred on or after 29 October 2018. The trouble is companies and unincorporated businesses are having trouble finding where on their tax returns to make a claim.

HMRC guidance

HMRC says that it wasn’t able to change the layout of its personal and partnership self-assessment tax returns for 2018/19 in time to include space to claim the SBA. There’s a similar problem for corporation tax returns. HMRC therefore suggests different work-arounds depending on which type of tax return you’re completing. If you’re scratching your head on how to make a claim for the SBA this brief guide tells you how to do it.

There is no specific place on personal, partnership or corporation tax self-assessment returns to claim the structures and buildings allowance. To claim it you should follow the work-arounds suggested by HMRC.