Budget 2018: the chancellor has announced that the government will introduce a new Structures and Buildings Allowance (SBA) for new non-residential structures and buildings.

Relief will be provided on eligible construction costs incurred on or after 29 October 2018 at an annual rate of two percent on a straight-line basis once the property is brought into qualifying use.

Useful links:

Budget 2018 live highlights

Budget 2018 summary 

External link

HMRC: Capital allowances for structures and buildings technical note