Taxes Consolidation Act 1997 section 285A

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

Section 285A provides for accelerated capital allowances on certain energy-efficient equipment.

  • Allows a 100% wear and tear allowance in the year of purchase for qualifying new energy-efficient equipment.
  • Applies to equipment on the SEAI specified list that meets prescribed energy-efficiency criteria and does not operate on fossil fuel (with limited exception).
  • Relief is available for expenditure incurred between 9 October 2008 and 31 December 2030, subject to minimum spend thresholds.
  • Excludes leased equipment and contains special rules for electric and alternative fuel vehicles.

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