Hotel Capital Allowances

Hotel Capital Allowances

Capital allowances for hotels are available for construction costs in respect of a qualifying hotel or hotel extension. Writing down allowances (WDA) were reduced from 2008-2009 and were withdrawn completely from April 2011. However, enterprise zone hotels which are qualified for enterprise zone allowances on buildings continue to receive such allowances with no restriction on months of opening or number of rooms, etc. For all the cases listed above there are detailed rules governing which type of asset qualifies. In […]