Accelerated Capital Allowance Scheme For Heating, Mechanical & Energy Savings.

//Accelerated Capital Allowance Scheme For Heating, Mechanical & Energy Savings.

Accelerated Capital Allowance Scheme For Heating, Mechanical & Energy Savings.

Want to reduce your tax bill and your energy costs? Accelerated Capital Allowance is a tax incentive encouraging investment in energy saving technology. 

The Accelerated Capital Allowance (ACA) is a tax incentive scheme that promotes investment in energy efficient products & equipment. The ACA is based on a long-standing approach for the treatment of capital allowances for plant and machinery, whereby wear and tear can be taken into account as a deduction for tax purposes.

In contrast, the ACA scheme allows a company to write down the cost of Triple E listed equipment in the year of purchase, rather than over the eight-year period that is standard for plant and machinery capital allowances. This provides an incentive for companies and sole-traders to choose a qualifying energy efficient option when purchasing equipment.

Contact us at (01)8293875 or email [email protected] for more information.

 

Eligibility for ACA

Companies, sole traders, and farmers that operate and pay corporation tax in Ireland can avail of the ACA scheme.

 

How to claim the ACA

  1. Decide on the equipment you require.
  2. Ensure the equipment model is eligible for ACA by checking the Triple E product register before making purchase.
  3. Claim the ACA through your company’s return of income form (CT1). There is now a field for ACA on the form alongside the standard capital allowances entry field.

Contact us at (01)8293875 or email [email protected] for more information.

 

Qualifying Products & Equipment

  • BEMS
  • Process & heating, ventilation & air conditioning (HVAC) control systems.
  • Boiler & boiler controls.
  • HVAC zone control.
  • Heat exchangers and pumps.
  • Blowers & fans.
  • Boilers & hot water heaters.
  • Biomass boilers.
  • Solar Thermal collectors.

Contact us at (01)8293875 or email [email protected] for more information.

 

Useful Links

2018-06-08T08:42:21+00:00June 8th, 2018|General|

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