UK: The Capital Allowances (Structures and Buildings Allowances) Regulations 2019

Section 30 of the Finance Act 2019 provided for the introduction of a new capital allowance in respect of expenditure incurred from 29 October 2018 in the construction of a building; it also provided the Treasury with the power, exercised through secondary legislation, to amend the Capital Allowances Act 2001 in order to provide for the operation of this new allowance.  That power has now been exercised, with the Capital Allowances (Structures and Buildings Allowances) Regulations 2019 being made earlier this week and now in force: see here or here (pdf). Further information is available in the accompanying explanatory memorandum: see here (pdf).