Taxes Consolidation Act 1997 Schedule 35A Part 2

Slurry storage facilities

Schedule 35A Part 2 lists the types of slurry storage facilities and associated capital items that qualify for accelerated capital allowances under section 658A.

• Qualifying items include floors and walls of animal housing, mass concrete tanks, precast concrete tanks, circular slurry stores and geo-membrane lined stores, each with a roof or cover, all built to specifications approved by the Minister for Agriculture, Food and the Marine.
• Also qualifying are farmyard manure pits with a roof or cover, collecting yards, cattle enclosure yards, automatic slurry scrapers and simple slurry aeration systems.
• Section 658A allows farmers to claim capital allowances at 50 per cent per year over two years on qualifying expenditure incurred between 1 January 2023 and 31 December 2029, replacing the normal seven-year or eight-year write-off periods.
• The maximum aggregate tax benefit is capped at €500,000 per person, and the relief is restricted to micro, small and medium-sized enterprises that are not undertakings in difficulty.