Katie Cooper, associate in the commercial property group, highlights the impact of HMRC clampdowns on Business Premises Renovation Allowance schemes (BPRA). Introduced by the Finance Act in 2005, BPRA was intended to boost the restoration and repair of disused commercial properties in deprived areas of the UK. Will the latest findings discourage future property investment?
This article was first published in Property Week, August 2015.
Clampdown on BPRA is troubling news for the property industry - Property Week - 21 August 2015.pdf