»Ê¹ÚÌåÓýapp

Budget 2007 announced a business tax reform package including the gradual withdrawal of IBAs and ABAs over four years. Legislation was introduced in FA08 to give effect to those changes. »Ê¹ÚÌåÓýapp phased withdrawal of IBA writing down allowances had effect for chargeable periods ending on or after 1 April 2008 for businesses within the charge to CT and 6 April 2008 for businesses within the charge to IT. »Ê¹ÚÌåÓýappre are no IBA writing down allowances for the financial year beginning on 1 April 2011 and subsequent years.

A person carrying on a highway undertaking is treated as carrying it on by way of trade and as occupying any road on which it is carried on. If the person who builds a road was not entitled to an interest in it when the construction expenditure was incurred but was entitled to a highway concession, the highway concession is the relevant interest. This means that a person who is entitled to a highway concession and builds a road can claim IBA on the construction expenditure.