ÀÏ˾»úÎçÒ¹¸£Àû

Home / Tolley / Glossary / Flat conversion allowance
See All Glossary Terms

Related Content

GLOSSARY

Flat conversion allowance definition


Produced by a

What does Flat conversion allowance mean?

Flat conversion allowances (FCAs) were a type of capital allowances that were available for expenditure incurred between 2001 and 2013. 100% FCAs were available where the owner of a qualifying building (typically a shop) incurred capital expenditure on converting or renovating an empty space above the shop into a qualifying flat for letting. Provisions relating to balancing adjustments continued to apply beyond the abolition of the allowances. Since their abolition, expenditure which would have qualified FCAs will generally not qualify for capital allowances at all.

Discover our 1 Tax Guidance on Flat conversion allowance

READ MORE

Tax legislation doesn't stand still, and neither should you. At Tolley we're constantly building tools to give you an edge, save you time and help you to grow your business.

  Case studies

"TolleyGuidance is very concise, very practical and very intuitive. I particularly like the written examples, which reinforce understanding of a subject, and the links to TolleyLibrary."

Moore

Access all documents on Flat conversion allowance

GET ACCESS NOW
arrowup Top
Correct-filter Trial