Water tanks tax deductible?

[Socksitis]

I remember seeing a list of certain water tanks, including the Enduramaxx being eligible for some sort of allowance? Perhaps AIA - anyone with a better memory than me? I remember ordering one off this specific list to comply, but forgot to point it out to the accountant

 

[Exfarmer]

Normally a replacement water tank should be capital, not being a repair. I would not think the taxman going to be too concerned though. Not sure why one sort should be allowable
.

 

[Yale]

Normally a replacement water tank should be capital, not being a repair. I would not think the taxman going to be too concerned though. Not sure why one sort should be allowable
.

Portable,not fixed down.

 

[Alex-w]

I think this might be what you are referring to Enhanced Capital Allowance ( ECA ) scheme. The ECA scheme means that a business can invest in energy-saving plant or machinery that might otherwise be too expensive. The first year allowances let businesses set 100% of the cost of the assets against taxable profits in a single tax year.

 

[Socksitis]

Yes! I would never have found that - many thanks

 

[Alex-w]

I'm happy I could help. The company I work for are involved in rainwater harvesting and a zero energy pump that are also covered by the ECA.

 

[sulky]

I remember seeing a list of certain water tanks, including the Enduramaxx being eligible for some sort of allowance? Perhaps AIA - anyone with a better memory than me? I remember ordering one off this specific list to comply, but forgot to point it out to the accountant

yes we installed tanks for rainwater harvesting for cattle / sprayer filling accountant claimed for filters/pipework/tanks I didn't understand the in and outs but thanked him greatfully

 

[Socksitis]

I'm happy I could help. The company I work for are involved in rainwater harvesting and a zero energy pump that are also covered by the ECA.

So what is a zero energy pump?

 

[Dragon]

So what is a zero energy pump?

Not quite zero, it uses the energy from the head of water and pumps a % of the water flowing through

 

[Socksitis]

ah - no head of water

 

[SilliamWhale]

But its only useful if you are spending over your annual investment allowance of £250k?