tax write-off


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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tax write-off - a reduction in the gross amount on which a tax is calculatedtax write-off - a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
tax benefit, tax break - a tax deduction that is granted in order to encourage a particular type of commercial activity
business deduction - tax write-off for expenses of doing business
exemption - a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.); "additional exemptions are allowed for each dependent"
write-down, write-off - (accounting) reduction in the book value of an asset
References in periodicals archive ?
A list of cars with low Co2 emission levels can be found at http://carfueldata.direct.gov.uk/ search-company-car-tax.aspx For expenditure on solar panels on or after April 1, 2012, a tax write-off of 8% per annum can be claimed, but if the cost of all qualifying capital expenditure falls within the limits mentioned above, the business will be able to immediately write the cost of the solar panels as well.
of spending on plant and equipment is scheduled to be withdrawn at the end of December 2015, at which point the tax write-off is due to be cut to just PS25,000.
The continued and enhanced recovery of some of the capital cost through tax write-off will be greatly welcomed in our region as an incentive to companies to expand and become more competitive nationally and internationally.
Seller retired and bought the car wash in 2007 for tax write-off purposes.
THE country's politicians must have an awful lot of dirty laundry when they need a EUR3,500 tax write-off to cover the cost of cleaning their clothes.
Debt consolidation is attractive to consumers like Arvelo and Williams, because it offers longer payout terms, lower interest rates, and, at times, a partial reduction of the debt principal or a tax write-off. Before you make a decision about the best way to get out of debt, let's review the options.
Like many others, O'Brian considers the 100 per cent capital cost allowance tax write-off "ill-fated and ill-considered." He set out "deliberately" to make two pictures in that system, "I thought, 'I've gotta use this money before it's too late,"' he remembers.
"Why should a piece of equipment used below ground be eligible for a tax write-off while equipment used above ground isn't?" he asks, referring to tax breaks for mining equipment not available to metals recyclers.
In Date 1, state S began work-off program P, under which cities and towns in S are permitted to establish property tax write-off programs in which participating taxpayers (who must be over a certain age) "volunteer" services to municipalities in exchange for a reduction in their property tax obligations.
Several companies now offer opportunities to donate real estate for charity, giving the company a significant tax write-off. One company, Real Estate for Charities in Carlsbad, Calif.
Let's call it Paris Notes.' The ulterior motive was to have a tax write-off to go see my girlfriend.
Large companies are giving away millions of dollars in used intellectual property but are walking away with a tax write-off and plenty of good will.