Michael McGrath (Cork South Central, Fianna Fail)
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71. To ask the Minister for Finance if expenditure on health and safety equipment by a company qualifies for capital allowances; the rules regarding capital allowances; and if he will make a statement on the matter. [14694/19]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that a company may claim capital allowances on capital expenditure, which it incurs on plant and machinery, at a rate of 12.5% per year over 8 years.

In order to qualify for capital allowances, the plant and machinery must be in use at the end of the company’s accounting period and in use for the purposes of its trade.

With regard to health and safety equipment, equipment such as fire alarms, hose reels and hoses, fire extinguishers, sprinkler systems and smoke detectors would qualify as plant. In general, capital expenditure on equipment required to meet health and safety requirements in accordance with health and safety legislation would qualify for capital allowances.