| | | You are here:  Budget 2010 Capital Allowances | | | | Capital Allowances | | | Energy Efficient Equipment
In the Budget and Finance Act 2008, an accelerated capital allowances regime was introduced to encourage the use by companies of certain energy efficient equipment. Under this regime, a company could claim capital allowances of 100% of the expenditure incurred in the year the equipment is purchased. The Minister has now broadened the scope of this regime, to include refrigeration and cooling systems, electro-mechanical systems, catering and hospitality equipment. | | | | | | | | | | The above is intended as a general guide to the measures announced in Budget 2010. All changes announced are subject to being enacted in the forthcoming Finance Bill. It is possible that the measures described above may be modified prior to enactment. No action should be taken on the basis of the above without obtaining professional taxation advice. | | | Purcell McQuillan Tax Partners Limited, 17 Clyde Road, Dublin 4
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