Taxpayers can recognise the rent paid before a power plant is commissioned as the accounting cost of the erected fixed asset – such is the opinion of the tax authorities in their latest rulings.
It is often the case that renewable energy businesses face problems having to determine the initial value (accounting cost) of the erected fixed assets, which they are obliged to do in the investment process. The doubts mostly concern the question of what categories of costs can be capitalised in this way versus what categories should be directly recognised as tax-deductible expenses. This article discusses some of the questions that may give rise to doubts.

The full text of the article by our assistant for tax, Michał Kordiak, is available in Rzeczpospolita online, the Dobra Firma weekly, and here.