Industrial Buildings Allowances
Industrial buildings allowances (IBAs) are a type of capital allowance that can be claimed when capital expenditure has been incurred on a building that is used for a qualifying purpose. The allowances are provided at the rate of 4% per annum on a straight line basis over 25 years from the date that the building is first brought into use.

The following are qualifying trades:-

1. Agricultural contracting
2. Fishing
3. Manufacturing
4. Mineral extraction
5. Processing
6. Storage (only certain categories)
7. Working foreign plantations.

The following undertakings are also qualifying trades:-

1. Bridges
2. Docks
3. Electricity
4. Highway undertakings
5. Hydraulic power
6. Inland navigation
7. Sewage
8. Transport
9. Tunnels
10. Water

Insulation
Any material that offers resistance to heat transmission. When insulation is placed in walls, floors or ceilings it reduces the loss (or gain) of heat. Insulation materials include fibreglass, rock wool, urethane foam and polystyrene and comes in different forms such as blanket, batt, rigid, fill and reflective.

Interest
The finance cost charged by a provider on the finance provided to an individual, partnership or company. Banks and other financial intermediares will charge interest on loans made to finance the purchase of a property typically at a rate of x% above the base rate.

International Financial Reporting Standards (IFRS)
Often known by the older name of International Accounting Standards (IAS), are a set of accounting standards issued by the International Accounting Standards Board (IASB). The consolidated accounts of companies listed on the UK Stock Exchange were required by an EU regulation to comply with adopted International Financial Reporting Standards for accounting periods starting after 1 January 2005. IFRSs are mandatory for companies listed on the Alternative Investment Market (AIM) for accounting periods commencing on or after 1 January 2007. The Accounting Standards Board (ASB) is currently introducing new UK Financial Reporting Standards (FRSs) to bring UK accounting standards into line with proposed IFRSs.

Investing
The act of laying out money or capital in an enterprise with the expectation of profit. Typically, individuals, partnerships and companies invest their own cash, together with money borrowed from third parties such as banks, in properties in order to benefit from the long-term capital growth derived from the increasing market value of those properties.