Wind farm can shelter up to €150,000

Investment in Tullabrack may appeal to higher-rate taxpayers

For the second successive year, the Limerick-based firm HLB McKeogh Gallagher Ryan is advising the promoters of the Tullabrack Windfarm, in County Clare, on its EIIS private placing investment opportunity.

It will appeal to higher-rate taxpayers seeking a vehicle to efficiently shelter a portion of their taxable income using EIIS relief.

Investors can invest up to €150,000, and larger investment units mean investors can shelter total taxable income with one investment.

Under tax ...