Taxes Consolidation Act 1997 section 843B

Capital allowances for buildings used for the purposes of providing childcare services or a fitness centre to employees

Section 843B provides accelerated capital allowances for capital expenditure incurred by employers on the construction or refurbishment of buildings used to provide childcare services or fitness centre facilities to employees.

• Qualifying premises must be used exclusively by the employer's employees (or employees of a connected company where the employer is a company) and cannot be open to the general public.
• Qualifying expenditure is written off over 7 years at 15% per annum for the first 6 years and 10% in year 7, compared with the standard industrial buildings rate of 4% over 25 years.
• No balancing allowance or balancing charge can arise from events occurring more than 7 years after the premises was first used following the incurring of the qualifying expenditure.
• Relief under this section cannot be combined with relief under any other provision of the Tax Acts in respect of the same expenditure, and undertakings in difficulty under EU State aid guidelines are excluded.