Taxes Consolidation Act 1997 Schedule 4A

Acceleration of wear and tear allowances for certain energy-efficient equipment

Schedule 4A lists the classes of energy-efficient equipment that qualify for accelerated capital allowances under section 285A, together with a description of each class and the minimum expenditure required.

• The Schedule sets out 10 classes of technology, ranging from motors and drives to catering and hospitality equipment, each of which must meet specified energy-efficiency standards to qualify for accelerated wear and tear allowances.
• Each class has a minimum expenditure threshold: most classes require a minimum spend of €1,000, while lighting requires €3,000 and building energy management systems require €5,000.
• The Schedule was substituted by section 44 of the Finance Act 2010 with effect from 10 May 2010, increasing the number of qualifying classes from 7 to 10.
• Section 17 of the Finance Act 2016 extended the accelerated capital allowances to non-incorporated businesses (sole traders and partnerships) for expenditure incurred on or after 1 January 2017.