Tax depreciation for wind turbines presupposes economic ownership of the asset. A change in economic ownership requires that any risks are transferred to the purchaser/customer. Continue reading
Tax & Legal
The finance ministry has issued a decree on the place of performance of the services supplied to, in particular, offshore wind farms. Continue reading
The Supreme Tax Court has held that each turbine on a wind farm is a separate asset, as are the cables and grid substation, and the access ways, but depreciation periods are limited to that of the turbines.