Budget 2011 – 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 2011 Parliamentary recess.
The special scheme allows for 100% first year allowances for qualifying expenditure.
The list of technologies that qualify for the energy-saving scheme will be revised to include one new technology: certain energy efficient hand dryers. The criteria for automatic monitoring and targeting equipment will also be revised.