Neale Richmond (Dublin Rathdown, Fine Gael)
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295. To ask the Minister for Finance if he will consider introducing tax relief for those in the hospitality sector who wish to purchase food waste biodigesters; and if he will make a statement on the matter. [63061/21]

Paschal Donohoe (Dublin Central, Fine Gael)
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Section 284 Taxes Consolidation Act (TCA) 1997 makes provision for a person carrying on a trade, who incurs capital expenditure on the provision of machinery or plant for the purposes of the trade, to claim capital allowances in respect of that expenditure.  Capital allowances allow the wear and tear of plant and machinery be taken into account as a deduction for tax purposes. In general, such capital allowances are claimed at a rate of 12.5% annually, over eight years.

I am advised by Revenue that capital expenditure incurred on a food waste biodigester by a person carrying on a trade in the hospitality sector would appear to represent expenditure on plant and machinery for the purposes of capital allowances, and therefore to qualify for tax relief under current rules.