Energy-efficient equipment is eligible for accelerated capital allowances of 100% in the year of purchase.
Energy efficient equipment purchased must be:
- Owned by the Company or unincorporated business.
- Wholly and exclusively used for the purposes of the trade.
- In use by the business at the end of the accounting period
- It must be on the list of approved equipment on the SEAI register
The business claims the Capital allowances on their end of year returns (form CT1 or Form 11.)