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3-9-2013 - Accelerated capital allowances on energy-efficient equipment


Capital allowances in the form of wear and tear allowances are generally given on machinery and plant over an eight-year period at an annual rate of 12.5%.

In the case of approved energy-efficient equipment the entire allowance can be claimed in the first year the equipment is provided and used for the company’s trade.

Eligible products are included in the list of energy-efficient equipment (Triple E) maintained by the Sustainable Energy Authority of Ireland (SEAI).

Our Komatsu hybrid hydraulic excavator, the HB215LC-1, has been provisionally approved to be added to the Triple E product register.

The scheme currently runs to 31 December 2014.

Companies claim relief on their corporation tax return (CT1) along with any other wear and tear allowances.  There is no requirement to obtain approval for expenditure on the energy-efficient equipment once it is on the published list.


The SEAI list of equipment is here:

Search under Electric and Alternative Fuel Vehicles – then Electric Vehicles and Associated Charging Equipment.


The Revenue guide is here:

Search for ‘Accelerated capital allowances’.


For further information please contact your accountant or your McHale Plant Sales Limited representative.

This note does not constitute taxation advice.


© McHale Plant Sales Limited
Birdhill Co. Tipperary. Company Reg No: 218914

Birdhill, Co. Tipperary
Phone: +353 (0)61-379112
Fax: +353 (0)61-379450


Unit 525 Greenogue Business Park
Rathcoole, Co Dublin
Phone: +353 (0)1-4018540
Fax: +353 (0)1-4018560