Energy Performance
The 2008 changes to the UK Capital Allowances system have placed much greater emphasis on the Enhanced Capital Allowances scheme – offering 100% first year relief on qualifying energy efficient equipment - a much more attractive incentive than the 10% writing down allowance given on non qualifying assets.
Energy and water saving equipment could well become a much more significant business cost over the next decade with supply prices expected to rise and the Carbon Reduction Commitment Energy Efficiency Scheme (CRC) adding the cost of Carbon Allowances for many medium to large organisations.
Tax relief and energy performance are set to become more closely entwined and Davis Langdon is developing a suite of services to reflect this. Our Carbon Assessor software will be providing the management tool for emissions reductions closely relating to our tax relief capability.