Capital Allowances (Fishing boat)
21/03/2000
Query
What safety equipment on a sea fishing boat registered in the Register of Fishing Boats qualifies for accelerated allowances.
Decision
The accelerated allowances are available in respect of the safety equipment listed on page 5 of the booklet “Programme for the Renewal of the Whitefish Fleet” issued June 1998 by BIM.
Income Tax
Section 284(3A), Taxes Consolidation Act, 1997
Origin: Office of the Chief Inspector of Taxes
File ref:99gm126