The Designation of Special Tax Sites (East Midlands Investment Zone) Regulations SI 2025/111 designate special tax sites within or connected to the East Midlands Investment Zone with effect from 26 February 2025.
Tax reliefs available in special tax sites in England include SDLT relief on qualifying acquisitions of land a 10% enhanced rate of structures and buildings allowance a 100% first-year allowance for qualifying expenditure on plant and machinery a zero rate of secondary Class 1 NICs on earnings up to the investment zones upper secondary threshold (£25 000) for qualifying employments and business rates relief.
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The Designation of Special Tax Sites (East Midlands Investment Zone) Regulations SI 2025/111 designate special tax sites within or connected to the East Midlands Investment Zone with effect from 26 February 2025.
Tax reliefs available in special tax sites in England include SDLT relief on qualifying acquisitions of land a 10% enhanced rate of structures and buildings allowance a 100% first-year allowance for qualifying expenditure on plant and machinery a zero rate of secondary Class 1 NICs on earnings up to the investment zones upper secondary threshold (£25 000) for qualifying employments and business rates relief.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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