Taxes Consolidation Act 1997 section 285C

Acceleration of wear and tear allowances for gas vehicles and refuelling equipment

Section 285C provides a 100% accelerated wear and tear allowance for certain new gas-powered vehicles and related refuelling equipment used for the purposes of a trade.

• Allows a full 100% capital allowance in year one for qualifying expenditure incurred between 1 January 2019 and 31 December 2030.
• Applies to new gas-powered vehicles (including hydrogen vehicles from 1 January 2022) and new refuelling equipment installed at a gas refuelling station.
• Excludes ordinary private passenger cars, but taxis and short-term hire vehicles may qualify.
• Cannot be claimed where relief is already given under section 285A or section 286 for the same expenditure.

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