Revenue eBrief No. 154/22
02 August 2022
Accelerated Capital Allowances for Energy-Efficient Equipment
Tax and Duty Manual Part 09-02-04 - Accelerated Capital Allowances for Energy-Efficient Equipment - has been updated to reflect an amendment made by Finance Act 2021 to the scheme of accelerated wear and tear allowances available under section 285A TCA 1997.
Capital expenditure incurred on or after 1 January 2022 on equipment operated on fossil fuel (other than equipment operated on electricity generated using such fuel) does not qualify for accelerated allowances.