The investment zones programme in England is to be extended from five to ten years.
The freeport tax relief scheme in England is also being extended from five to ten years, now lasting until September 2031.
The government is in discussion with the Scottish and Welsh governments with a view to extending their schemes in the same way.
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.