Enterprise Zones

Graham Chase, Tax Partner, CMS

Up to 21 zones are proposed to be created, but there is no detail regarding the availability of enhanced capital allowances. The Budget report simply states that the Government will work with individual LEPs to consider the scope for introducing enhanced capital allowances to support zones where there is a strong focus on high value manufacturing. Whilst capital allowances benefits are uncertain, advantages should include business rate discounts, simplified planning and superfast broadband. All very different from the 1980s.

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