Business premises renovation allowancesBusiness premises renovation allowances (BPRA)The BPRA was withdrawn from 1 April 2017 for corporation tax and 6 April 2017 for income tax.However, certain provisions continue to apply. These relate to situations where the allowances are clawed back if the building ceases to be used for a qualifying purpose within five years (seven years for expenditure incurred before 1 April 2014 for companies, 6 April 2014 for income tax) after it was renovated and first made available for use. BPRA provided a 100% relief for capital expenditure on renovating or converting business property in designated areas of
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