Early balance date Buildings
For assets acquired on after 1 April 2005, but before the start of your 2006 tax year you may use the 1993-2005 rates for the asset for the 2006 and subsequent income years. Elect this option in your 2006 income tax return.
Use the 1993-2005 rates for:
Otherwise buildings acquired on or after 19 May 2005 must apply the new rates from the 2006 tax year.
Note: From the 2011/12 income year the rate for buildings with an estimated life of more than 50 years will be zero. Return to the top