capital allowance

British

noun

the practice of allowing a certain amount of money spent by a company on fixed assets to be taken off the profits of the company before tax is imposed

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

It said the government will fund the purchase through a multi-year capital allowance.

From Reuters • Aug. 21, 2022

One theory is that AOE “bought” the rights owned by ASI taking advantage of an incentive called capital allowance.

From The Guardian • Nov. 6, 2017

There was one example of a capital allowance being claimed, and that was for only £90,000.

From BBC • Mar. 22, 2016

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023