Budget 2010 – Enhanced capital allowances
A number of changes have been announced to the availability of enhanced capital allowances for energy-saving and water efficient technologies. The changes will take effect by way of a Treasury Order which is expected to be made prior to the summer 2010 Parliamentary recess.
The special scheme allows for 100% first year allowances for qualifying expenditure.
Two new sub-technologies are being added to the energy efficient scheme list namely permanent magnet synchronous motors and biomass fired warm air heaters. One existing technology, compact heat exchangers and one sub-technology, liquid pressure amplification will be removed from the list. In addition the criteria for taps and showers in the water efficient scheme will be tightened.