ECNs to help landlords go green
- 13th May 2008
- Landlord Property News
The British Property Federation has called for the Government to make better use of the Enhanced Capital Allowances scheme.
ECAs exist to encourage energy efficiency investment by the private sector in plant or machinery, but not in the actual fabric of buildings where most investment is needed. A business can claim up to 100% first year capital allowances on their spending against taxable profits of the period during which they make the investment
This call by the BPF is supported by organisations such as Friends of the Earth and the Empty Homes Agency who want to make a case for one type of incentive scheme that will assist Landlords in ‘greening up’ their properties.
Andrew Teacher, BPF spokesman, says: “The scope of ECAs must be expanded. In many cases, improvements to the building’s fabric – such as insulation or glazing – will hold the key to improving energy efficiency, particularly in minimising waste heat.
Without incentives, many of the kinds of improvements necessary would take too long to offset against the savings they would create, which would be felt mainly by tenants.”
Without incentives, many of the kinds of improvements necessary would take too long to offset against the savings.
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