CA22335 - Plant and Machinery Allowances (PMA): Solar panels
CAA01/S104A
With effect from 1 April 2012 for corporation tax and 6 April 2012 for income tax, all capital expenditure on the provision of solar panels is specifically designated听as special rate.听听
The reason for designating听solar panel expenditure as special rate expenditure was to ensure clarity of treatment. Before 1/6听April 2012听solar panels including photovoltaic varieties, which generate electricity, and solar thermal systems, which provide hot water, were generally treated听as special rate on the basis that they were integral features of buildings or structures CA22300 or long life听assets CA23700.