Time right for energy boost
Farmers and landowners looking to develop renewable energy projects are being encouraged to benefit from a tenfold increase in the Annual Investment Allowance (AIA).
As of January 1, businesses can get 100 per cent tax relief on investments up to £250,000.
Mark Newton, head of renewable energy at estate agent Fisher German, in Market Harborough, said the temporary two-year measure made it an ideal time to invest in renewable energy projects.
He said: "Using the example of a 50kW endurance turbine which costs in the region of £250,000, the person investing in the project could offset the total cost against their income tax in year one.
Business Cards From Only £10.95 Delivered www.myprint-247.co.ukView details
Our heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Sunday, May 26 2013
"The net cost of the turbine for a 45 per cent tax payer would now be in the region of £137,500.
"The change would also mean greater returns can be generated from the wind turbine."