COMMERCIAL property owners are being made aware of the extended Business Premises Renovation Allowance (BPRA), which provides 100% tax relief on costs incurred in converting, renovating or repairing disused commercial buildings.
What does BPRA stand for?
BPRA stands for Business Premises Renovation Allowance
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of BPRA
We have 18 other meanings of BPRA in our Acronym Attic
- Business Protection Regulation (UK)
- Business Public Relations (various locations)
- Buyer Performance Report
- Bypass Ratio
- Bachelor of Parks, Recreation and Tourism Management
- Beef Promotion and Research Act of 1985
- Biblioteca Popular Republica Argentina (Spanish: Argentina Republic Popular Library; est. 1995)
- Boston Police Relief Association (Massachusetts; est. 1871)
- Burnable Poison Rod Assembly
- Business for Poverty Relief Alliance (Australia)
- Business Process Reengineering and Analysis
- Biological and Physical Research Advisory Committee
- Bang Pakong River Basin (Thailand)
- Beef Promotion and Research Board
- Biopolymers Research Building (University of Utah)
- Blighted Property Reinvestment Board (Pennsylvania)
- British Psychic Registration Board
- Bovine Placental Retinol-Binding Protein
- Balbeggie Pony Riding Club (UK)
- Biblical Prophecy Resource Center
Samples in periodicals archive:
However, it has been confirmed that this will not apply to business premises renovation allowances (BPRA).
In balance, other property related tax allowances have been extended, including the Business Premises Renovation allowance, which provides 100% relief on the expenditure of renovating or converting a qualifying building into qualifying business premises.
The proposal has been made possible partly through the Government's Business Premises Renovation Allowance (BPRA), which offers tax breaks to developments that re-use empty buildings.
With regard to Business Premises Renovation Allowances (BPRAs) which came into effect in April 2007, 100% first-year allowances are available on the cost of bringing back into use commercial properties which have been unused for 12 months or more.
It is not all bad news, as we will finally see the introduction of a Business Premises Renovation allowance.
Funding is now in hand through a Business Premises Renovation Allowance syndicate which allows individuals to enjoy 50% tax relief as well as enjoy an investment in one of Newcastle's most recognisable buildings let to Travelodge and other key tenants.
The Business Premises Renovation Allowance (BPRA), a tax-incentive-driven initiative aimed at bringing derelict buildings back into use, has also proved an incentive to operators in the sector, making refurbishment more cost effective.