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 ?
The tax write-off reduces to 18% of cost if the Co2 emission range is 75 -130g/km and reduces further to 8% once the 130g/km level is breached.
of spending on plant and equipment is scheduled to be withdrawn at the end of December 2015, at which point the tax write-off is due to be cut to just PS25,000.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.
Mr Abbott today visited a small business in Brisbane today but what he won't tell the 560,000 small businesses of Queensland is that he has a plan to take away the $6,500 instant asset tax write-off.
Seller retired and bought the car wash in 2007 for tax write-off purposes.
He said: "Why should there be one law for these people who are operating in a sweetheart arrangement that they get a tax write-off for losses that are already being borne by the taxpayer?
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.
A longer tax write-off period for depreciating real estate from 19 years to 31.
It's kind of an ego thing, having your name on the bottle,'' said Mike Essrig, 45, who hired Booth to plant 500 cabernet and merlot vines at his former Calabasas spread as a tax write-off.
So having a tax write-off each year for 15 years is a huge benefit in the generally accepted accounting practices world.
Why should a piece of equipment used below ground be eligible for a tax write-off while equipment used above ground isn't?
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.