What capital allowances apply to wind turbine owners?

WHAT CAPITAL ALLOWANCES APPLY TO WIND TURBINE OWNERS?

Capital allowances are a form of tax deduction that, for a wind turbine owner, compensate for wear and tear to their asset. They are calculated with reference to the qualifying construction cost, although not all construction costs will qualify for this kind of tax relief.

The allowances are made in the form of an annual deduction in the annual taxable profits calculation, but the value of the deduction will decrease annually, so the tax liability is likely to rise year on year.

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