Accelerated Capital Allowance Scheme for Slurry Storage Facilities: Improving Sustainability for Farmers
Article by John Coombes.
- Budget 2023 introduces a scheme for farmers to accelerate capital allowances for slurry storage facilities and associated items
- The scheme aims to reduce reliance on chemical fertilisers and improve environmental sustainability in farming
- The accelerated scheme offers a tax deduction of up to 50% over the first two years
- Eligible costs are incurred between January 1st, 2023, and December 31st, 2025, with a cap of €500,000 over three years