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Accelerated Capital Allowance for EV

  • 09-02-2022 6:32pm
    #1
    Big Lar
    Registered Users, Registered Users 2 Posts: 1,431 ✭✭✭


    I have searched elsewhere but have not really found an answer to this question, hopefully somebody here knows something.

    I am a sole trader and thinking about purchasing an EV, the cost will be around €40k

    Normally with any vehicle used 100% for the business I can write off a deprecation of 12.5% over 8 years, however with Accelerated Capital Allowance it seems that I can now offset a max value of €24k against tax on year 1.

    1. Am I still entitled to claim the grant ?
    2. Is there any other tax write offs in years 2-8 ?

    Thanks in advance



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