capital allowance

noun

1. 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

Example Sentences

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

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

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

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The company benefits from generous capital allowance and tax-relief schemes in Zambia, but an investigation by ActionAid also found that it legally funnels around a third of its pre-tax profits to sister companies in tax havens, including Ireland, Mauritius and the Netherlands, which it says is used to pay for genuine services.

Read more on The Guardian

The company benefits from generous capital allowance and tax-relief schemes in Zambia, but the investigation also found that it funnels around a third of its pre-tax profits to sister companies in tax havens, including Ireland, Mauritius and the Netherlands.

Read more on The Guardian