Accelerated Capital Allowance (ACA)

Accelerated Capital Allowance is a tax incentive scheme that allows sole traders, farmers, and companies paying corporation or income tax in Ireland to deduct the full cost of energy-efficient equipment from their profits in the year of purchase, reducing taxable profits. The scheme promotes investment in energy-saving technology listed on the Triple E register.

Who can apply

Companies, sole traders and farmers that operate and pay corporation tax or income tax on trading or professional income in Ireland can avail of the ACA scheme. The equipment purchased must be new and bought for use in a trade.

Perks & benefits

Tax deduction of 100% of the cost of qualifying equipment against corporation tax or income tax in the first year of use

Key contacts

[email protected] 01 808 2100

Sources

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Eligibility criteria

Companies, sole traders and farmers that operate and pay corporation tax or income tax on trading or professional income in Ireland can avail of the ACA scheme.
The equipment purchased must be new and bought for use in a trade. It cannot be leased, let or hired to any person, body or organisation.
ACA can be claimed for the accounting period in which the equipment was first provided, as long as the equipment is included on the published list at some stage during that accounting period.
Expenditure on the technology must be equal to or exceed the minimum amounts for the relevant class of technology.
For cars coming under the category 'Electric and Alternative Fuel Vehicles' the accelerated allowance is based on the lower of the actual cost of the vehicle or €24,000.

Accelerated Capital Allowance (ACA)

Perks & benefits

Key contacts

Sources

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