Record business premises renovation allowance

This section allows entry and calculation of Business Premises Renovation Allowances (BPRA). New expenditure should not be entered. Only WDA and balancing adjustments are applicable. It can be recorded in the Trade Profits section, on the Capital allowances tab.

1. Add the Trading profits section to the return (or select it if already added), then select the Capital allowances tab.

2. On the Business Premises Renovation Allowance column, select Edit.

3. Complete as follows for each item, then select Save changes. A new line is automatically added. Unwanted lines can be deleted using the bin icon.

   • Description - enter a brief description of the expenditure.

   • Initial expenditure - enter the initial expenditure that qualifies for BPRA.

   • Initial allowance claimed - enter the amount of the initial allowance that you wish to claim.

   • WDV b/fwd - enter any written down value brought forward from an earlier period. If the tax return was rolled forward from a previous period this field will already be completed.

   • Disposal proceeds - if the premises were sold in the current period enter the disposal proceeds.

   • Balancing allowance/(charge) - enter any balancing allowance or charge that may be applicable.

   • WDA - enter any Writing Down Allowance to claim on the unrelieved expenditure brought forward.

   • WDV c/fwd - enter the written down value to carry forward to the next period.