rebate

At present, through the Section 12B taxx Allowance, the tax authorities allow any registered business installing and owning a renewable energy installation - Solar PV, Wind, Hydro or Biomass - the ability to write off the entire cost against taxable income over three years in the ratio of 50%, 30% and 20%. The proposal is now, via Section 12E in the 2016 tax year, to allow a 100% write off in the first year for installations of 1 MW and less of renewable energy. This allowance is a … [Read more...] about How about a 100% write off in the first year of acquisition?