FA 20 changes: Accelerated capital allowances for energy efficient equipment

Mar 15, 2021

The Tax and Duty Manual Part 09-02-04 – Accelerated Capital Allowances for Energy-Efficient Equipment [Section 285A TCA 1997] – now reflects the extension of the scheme of accelerated capital allowances for certain energy efficient equipment to 31 December 2023, as provided for by Finance Act 2020. Finance Act 2019 revised downwards the emissions thresholds on which capital allowances and leasing expenses are based. Accordingly, the updated emissions threshold is now reflected in the paragraph concerning electric and alternative fuel vehicles. See eBrief No. 049/21 for further details.