capital allowance

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

Nearby words

  1. capillus,
  2. capistration,
  3. capita,
  4. capital,
  5. capital account,
  6. capital asset,
  7. capital assets,
  8. capital budget,
  9. capital expenditure,
  10. capital flight

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