Autumn Statement – Five Impacts For Real Estate And Construction

There had been growing speculation regarding what was going to be announced in the Autumn Statement. Ultimately, while there have been a lot of materials released, there were few major changes for Real Estate and Construction within the Chancellor's '110 step' plan.

The key impacts of the statement on the real estate and construction sectors are the following:

Full Expensing of Capital expenditure: the introduction of 100% relief for qualifying capital expenditure on plant and machinery was due to come to an end on 31 March 2026. This relief (and 50% relief for expenditure on qualifying integral features) is now permanent. While the acceleration of relief on capital expenditure is welcome it is an acceleration and a timing benefit.