Tax Depreciation

Our Tax Depreciation Team consists of chartered engineers and tax professionals, who work extensively in preparing optimised and compliant tax depreciation reports (TDRs).

Certain expenditure on plant and machinery (P&M) may qualify for capital allowances over a period of eight years. Expenditure on certain energy efficient equipment may qualify for 100% write off in the year of expenditure. A comprehensive and considered TDR will optimise a claim for capital allowances which may reduce a company’s tax liability significantly.

Those who may avail of capital allowances include: 

  • property developers developing new buildings, retro-fitting or renovating existing buildings;
  • landlords / owner-occupiers carrying out refurbishment or fit-out projects; and / or
  • tenants who carry the burden of ‘wear and tear’ of qualifying P&M.

Identifying qualifying expenditure on P&M for capital allowances purposes is a complex area as there is no legislative definition as to what constitutes ‘plant’. Reference must therefore be made to the extensive body of case law and our experience. Whether an item of P&M qualifies must be determined by:

  • reference to the facts; 
  • the nature of the trade; and 
  • the function of the item in the trade

William Fry Tax Advisors was awarded Ireland Tax Firm of the Year and Impact Deal of the Year at the International Tax Review European Awards 2019 in London. 


Our Tax Depreciation Team holds professional qualifications in:

  • taxation – AITI Chartered Tax Adviser (CTA)
  • construction project management;
  • town planning; and
  • chartered engineering. 

The team has gained considerable experience in the construction sector, both in consultancy and on site. Therefore with our combined technical skill-sets and knowledge-base we have the requisite experience to engage with construction design professionals to compile comprehensive Tax Depreciation Reports (TDRs) on behalf of our clients.

Recent work includes the preparation of TDRs for: 

  • a 6-storey office building over double story basement in the heart of Dublin;
  • a warehouse refurbishment into high specification office accommodation;
  • a protected structure converted into public amenity space; and
  • a considerable extension to an existing office building.

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    Key Contacts

    Brian Duffy Partner

    Sonya Manzor Partner