Revenue eBrief No. 317/24
13 December 2024
Accelerated wear and tear allowances for gas vehicles and refuelling equipment
Tax and Duty Manual Part 09-02-06 provides guidance on accelerated capital allowances available for gas vehicles and refuelling equipment (section 285C of the Taxes Consolidation Act 1997).
This manual has been updated to reflect an amendment in Finance Act 2024 which extended the accelerated capital allowance scheme to 31 December 2025. The scheme is available in respect of capital expenditure incurred on gas and hydrogen vehicles and refuelling equipment used for the purposes of carrying on a trade.