Royal Canal Financial Control Services

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Accelerated Capital Allowances – Energey Efficient Equipment

26 May 2012

Most equipment purchased can be written off for tax purposes over an eight year period, equivalent to a 12.5% allowance per annum. In order to promote energy efficient equipment, accelerated capital allowances allow 100% of the cost to be written off in the year of purchase.

In order to qualify for this allowance the equipment must be on the approved list on the Sustainable Energy Authority of Ireland website. More details are available here.

If you have purchased equipment which qualifies for accelerated capital allowances, please ensure you let us know so that we can claim the full 100% tax deduction in the year of purchase.