Random Depreciation of Environmental Investments: Who Qualifies and What You Get
Learn how businesses can use faster depreciation on sustainable property technology investments to manage tax liabilities effectively.
This scheme allows businesses to write off the cost of investments in sustainable property technology more quickly than standard tax rules allow.
Who it's for
This is designed for businesses that are investing in sustainable property technology.
What you get
You receive the benefit of faster depreciation on your investment costs. This means you can claim a larger portion of the investment's cost against your taxable profits in a shorter period.
What it costs you
There is no direct fee to use this scheme, but it does require you to make specific adjustments to your accounting records to reflect the accelerated depreciation.
The catch to know
This scheme is often used in combination with MIA (the Environmental Investment Allowance), so you should check how both affect your overall tax position.
How to apply
- Identify the sustainable property technology investments you plan to make.
- Consult with your accountant regarding the necessary accounting adjustments.
- Ensure your investments meet the specific environmental criteria required.
- Check the official portal for current submission requirements.