writing-down allowance — ➔ allowance * * * writing down allowance UK US noun [C] ACCOUNTING, FINANCE, TAX ► the percentage of the value of assets that a company can include in its profit calculations for a particular period to reduce the amount of tax it pays: »The… … Financial and business terms
writing-down allowance — WDA A capital allowance available to a UK trader; from 1 November 1993 it is the only allowance generally available for plant and machinery used in trade, although first year allowances have occasionally been introduced for specific types of… … Accounting dictionary
writing-down allowance — WDA A capital allowance available to a UK trader; from 1 November 1993 it became the only allowance generally available for plant and machinery used in trade, although first year allowances have at times been reintroduced for specific types of… … Big dictionary of business and management
allowance — al‧low‧ance [əˈlaʊəns] noun 1. [countable] an amount of money that someone is given regularly or for a special reason: • She earns a package worth $1 million, including a $15,000 clothing allowance. ˌcost of ˈliving alˌlowance [countable] HUMAN… … Financial and business terms
capital allowance — ➔ allowance * * * capital allowance UK US noun [C] (also investment allowance) ► ACCOUNTING, TAX an amount of money that a business spends to buy buildings, equipment, vehicles, etc., which it can use to reduce the tax on its profits: »A 100%… … Financial and business terms
written-down value — WDV The value of an asset for tax purposes after taking account of its reduction in value below the initial cost, as a result of its use in the trade. An asset acquired for a trade is eligible for capital allowances A writing down allowance of… … Big dictionary of business and management
written-down value — WDV The value of an asset for tax purposes after taking account of its reduction in value below the initial cost, as a result of its use in the trade. An asset acquired for a trade is eligible for capital allowances. A writing down allowance of… … Accounting dictionary
first-year allowance — In the UK, a special capital allowance against corporation tax that is granted in the year of purchase of an asset in place of the standard writing down allowance of 25%. Various first year allowances have been made available at various times. In … Accounting dictionary
first-year allowance — In the UK, a special capital allowance against corporation tax that is granted in the year of purchase of an asset in place of the standard writing down allowance of 25%. Various first year allowances have been made available at various times. In … Big dictionary of business and management
capital allowance — a set off for tax in relation to expenditure on capital rather than revenue. Under the Capital Allowances Act 1990, the cost of capital assets acquired by a trader for the purposes of his business may be deducted from his total profit. The nature … Law dictionary
