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KembaraXtra – Legal Terms – Industrial Building
An industrial building is a structure used for manufacturing, processing, or similar industrial activities. For tax purposes, certain industrial buildings qualify for capital allowances, allowing businesses to deduct part of the building’s cost from taxable profits.
Whether a building qualifies depends on its actual use rather than its appearance. Courts have emphasized that production or manufacture must take place within the building for it to fall within this category.
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