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Our specialist Capital Allowances team comprises of quantity surveyors, building engineers, chartered accountants and tax professionals. Together, they bring a wealth of knowledge in legislative nuances, a deep understanding of relevant case law, and the application of industry-standard best practices to optimise your claims. We provide end-to-end development lifecycle advice, aimed at identifying valuable capital expenditure tax relief from the planning stage, to construction, occupation and subsequent sale or acquisition.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Wear and Tear Allowances on Plant and Machinery (WTA)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
Wear and Tear Allowances let businesses claim tax relief on plant, machinery, equipment, furniture and fixtures used in the trade.<\/p>
Claimed at 12.5% per annum over 8 years, this is Ireland’s most common Capital Allowance.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t
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Industrial Buildings Allowances (IBA)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
Industrial Buildings Allowances provide tax relief on construction, refurbishment and fit-out costs for qualifying buildings – including factories, mills and certain healthcare premises.<\/p>
Claimed at 4% per annum over 25 years, this allowance can capture a significant share of a property’s total build cost.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t
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Accelerated Capital Allowances (ACA)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
Accelerated Capital Allowances offer 100% tax relief in year one for qualifying energy-efficient equipment, rather than spreading relief over 8 years.<\/p>
To qualify, purchases must appear on the SEAI’s Triple E Products Register.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t