Flat Conversion Allowances (FCAs)

This 100% allowance is available on expenditure incurred on converting unused space above shops into qualifying residential accommodation.

To meet the qualifying conditions, the relevant building must:

• Be no more than four storeys above the ground and built before 1980
• Have ground floor authorisation for business use, which would include shops, financial institutions, offices, sale of food/drink etc
• Have upper floors originally used for dwelling and unoccupied for at least a year before conversion

The converted flats must have no more than four rooms and not be high value (which is defined by notional rent limits). Following conversion, the resulting flats must be available for short term letting.