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Dáil Éireann díospóireacht -
Tuesday, 14 Oct 1997

Vol. 481 No. 4

Written Answers. - Waste Disposal.

John V. Farrelly

Ceist:

118 Mr. Farrelly asked the Minister for Finance if he will provide a capital allowance or business expansion scheme for those who are interested in providing incinerators for the provision of waste disposal in this country in order to bring the waste disposal business into the 21 century; his views on the fact that if this approval is given by the Government, we can in the near future see an end to the dreaded landfill sites which are opposed throughout the country as a means for the disposal of our domestic waste; and if he will make a statement on the matter. [16068/97]

The Revenue Commissioners have informed me that section 241 (1) of the Income Tax Act, 1967, entitles a person carrying on a trade to an annual allowance in respect of capital expenditure incurred by such a person in providing machinery or plant for the purpose of the trade.

Where a person carries on a trade involving the disposal of waste, capital expenditure incurred on incinerating equipment used for the purpose of that trade will qualify for capital allowance at the following rate:

Year 1

15 per cent

Year 2

15 per cent

Year 3

15 per cent

Year 4

15 per cent

Year 5

15 per cent

Year 6

15 per cent

Year 7

10 per cent

This results in the capital expenditure being fully written off over a seven year period.
The Revenue Commissioners have also informed me that the construction of an incinerator would not qualify for the business expansion scheme (BES). However, I will consider the Deputy's suggestion in the context of the budget, later this year.
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