| 单词 | capital allowance |
| 释义 | capital allowance capital allowance a set-off for tax in relation to expenditure on capi- tal rather than revenue. Under the Capital Allowances Act 1990, the cost of capital assets acquired by a trader for the purposes of his business may be deducted from his total profit. The nature and extent of the deduction vary according to the nature of the business; however, for most purposes, capital allowances are now largely 'writing-down allowances', where the cost of the asset is written down at 5 per cent per annum over 20 years. |
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