Revenue Note for Guidance
Schedule 4A
[Section 285A]
This Schedule, in the following table, lists the 10 classes of technology, a description of each and the minimum amount that must be spent in each class, in order to qualify for accelerated capital allowances under section 285A in respect of expenditure incurred on certain energy efficient equipment. Section 17 Finance Act 2016 extended the accelerated capital allowances to non-incorporated businesses for expenditure incurred on or after 1 January 2017.
Note: Schedule 4A was substituted by section 44 of the Finance Act 2010 with effect from 10 May 2010 [Commencement Order SI No. 196/2010 refers]. The effect of the making of this Order was to increase the classes of technology from 7 to 10.
TABLE | ||
(Class of Technology) |
(Description) |
(Minimum Amount) |
(1) |
(2) |
(3) |
Motors and Drives |
Electric motors and drives designed to achieve high levels of energy efficiency. |
€1,000 |
Lighting |
Lighting equipment and systems designed to achieve high levels of energy efficiency. |
€3,000 |
Building Energy Management Systems |
Building energy management systems designed to achieve high levels of energy efficiency. |
€5,000 |
Information and Communications Technology (ICT) |
ICT equipment and systems designed to achieve high levels of energy efficiency. |
€1,000 |
Heating and Electricity Provision |
Heating and electricity provision equipment and systems designed to achieve high levels of energy efficiency. |
€1,000 |
Process and Heating, Ventilation and Airconditioning (HVAC) Control Systems |
Process and heating, ventilation and air-conditioning (HVAC) equipment and systems designed to achieve high levels of energy efficiency. |
€1,000 |
Electric and Alternative Fuel Vehicles |
Electric and alternative fuel vehicles and equipment designed to achieve high levels of energy efficiency. |
€1,000 |
Refrigeration and Cooling Systems |
Refrigerating and cooling equipment and systems designed to achieve high levels of energy efficiency. |
€1,000 |
Electro-mechanical Systems |
Electro-mechanical equipment and systems designed to achieve high levels of energy efficiency. |
€1,000 |
Catering and Hospitality Equipment |
Catering and hospitality equipment and systems designed to achieve high levels of energy efficiency. |
€1,000 |
Relevant Date: Finance Act 2021