HC Deb 14 June 1988 vol 135 c142W
Mr. Austin Mitchell

To ask the Chancellor of the Exchequer whether he will publish in theOfficial Report his estimate of the gain to the revenue in a full year from abolishing the depreciation allowance on commercial buildings other than factories.

Mr. Norman Lamont

Capital allowances for commercial buildings (excluding industrial buildings) are available only for hotels and all buildings in enterprise zones. The Exchequer gain from abolishing capital allowances for new hotel building work would be less than £5 million in the first year rising to around £20 million after five years. Gains in later years would depend upon future levels of investment. No figures are available for commercial buildings in enterprise zones.

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