Enhanced capital allowances
Enhanced capital allowances (ECAs) were a form of first-year allowance that gave 100% tax relief in the year of purchase on certain energy-saving and water-efficient equipment, listed on the government's Energy Technology List. The main ECA scheme for those products was withdrawn from April 2020, though other first-year allowances continue to exist.
Worked example
Before April 2020, a business installing qualifying energy-efficient equipment could claim 100% of the cost against its profits in the year of purchase through an ECA. Today, similar relief is more likely to come through the Annual Investment Allowance or full expensing, so the route to 100% relief needs checking case by case.
Related: What are capital allowances?
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