Energy efficient equipment accelerated capital allowances

Energy efficient equipment accelerated capital allowances

Energy-efficient equipment is eligible for accelerated capital allowances of 100% in the year of purchase.

Energy efficient equipment purchased must be:

  • New
  • 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.)

The Minister of Finance has extended the scheme until 31 December 2020.