The freeport received “final government sign off” yesterday, the seventh English freeport to reach that status.
Freeports offer SDLT and NIC advantages and also enhanced capital allowances. These (and investment zones) will all be covered in updated commentary in the respective books this year, kicking off with full coverage of capital allowances when the new edition is published in April (see below).
Related content from Claritax Books
Capital Allowances, by Ray Chidell and Jake Iles, offers in-depth coverage of plant and machinery allowances, structures and buildings allowances, and all other UK capital allowances.
Full reference is made throughout to legislation, case law and HMRC guidance.