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Under existing legislation businesses may apply for
tax relief in the form of capital allowances at a rate
of 25 % a year spread over a number of years against
investment in machinery and plant.
Under the Enhanced Capital Allowance scheme funded
by the CCL businesses can claim 100 % relief over one
year on the full cost of investments in eligible energy
saving technologies and products. This means that businesses
are able to write off the whole cost of their investment
against their taxable profits of the period during which
they make the investment.
To find out more about the scheme, which technologies
are eligible and how to claim visit the ECA
website
The Inland Revenue has also produced a Guide to Enhanced
100% Capital Allowances and Energy Saving investments
which is available from the Inland
Revenue website
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