Dáil Éireann Debate, Tuesday - 28 April 2015
118. Deputy Tony McLoughlin asked the Minister for Finance the position regarding the eligibility of a fodder unit for special treatment under capital allowances tax; and if he will make a statement on the matter. [16457/15]
View answerI am advised by the Revenue Commissioners that there is no special regime of capital allowances for fodder units. An annual allowance (known as a 'wear and tear allowance') is available for capital expenditure incurred on the provision of plant and machinery for the purposes of a trade. Therefore, capital expenditure incurred on the provision of a fodder unit for the purposes of a trade would qualify for wear and tear allowances at a rate of 12.5 per cent per annum over 8 years.
