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So yes, reduce your assessable income.
The amount left is called assessable income.
Lend Lease said its tax deductions exceeded its assessable income for the year, partly because it had carried forward capital losses that could be offset against capital gains.
So for example, if your assessable income after allowing for essential expenditure is £130, the amount available for maintenance would be £65 per week.
"Contrary to popular perception, negative gearing is not a specific tax concession for taxpayers with investment properties — it is simply the operation of Australia's tax system allowing deductions for expenses incurred in producing assessable income," it says.
In most industrialized countries, such as Great Britain, personal income has to be reported on one of a number of separate schedules, but assessable income is then lumped and only one tax is imposed.
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All patients were assessable for toxicity and survival; 28 patients were assessable for response.
Texas has, in Mark Cuban, the most outspoken and assessable owner in sports.
And yet, parts of the media do too little to make their communication assessable.
The neural activity preceding the onset of a voluntary movement is reportedly assessable by magnetoencephalography (MEG).
To proponents, skating is now more readily assessable and impartial, more fully a sport.
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CEO of Professional Science Editing for Scientists @ prosciediting.com