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Tax offsets in the air as investors get wind of ethical opportunities

German wind power could inflate income for investors.

The new Keydata Nielebock wind power limited liability partnership has an 18-year agreement with the Neilebock wind farm in Madeburg, Germany, to generate an annual income of 6 per cent.

The wind farm has been generating revenues since 2003 through long-term power sale agreements.

The LLP allows investors to offset their subscription against existing income and capital gains for the current and prior tax years and income tax for the two previous tax years.

As investors are effectively owning a business, they can also utilise business property relief, mitigating inheritance tax liabilities.

Keydata sales director Mark Owen says: “Renewable energy is a genuine growth area for investors since the Kyoto protocols and EU directives compel governmental investment in the sector across the EU.

“Subscribers are buying into a real business with real cash value and a high quality covenant.”

John Scott and Partners research and investment manager Patrick Connolly says: “As a non-correlated asset, this could be good from an asset allocation point of view and also for investors looking to gain some ethical exposure.”

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