"capital allowance" is a correct and usable phrase in written English.
It is used to refer to the tax relief given on the cost of purchasing or improving assets for a business. Example: "The company was able to reduce its taxable income by claiming a significant capital allowance for the new equipment they purchased."
The CBI would be disappointed if the chancellor failed to extend the annual £250,000 capital allowance beyond January 2015.
He also introduced a change to the capital allowance system for corporate taxation – that's effectively a massive tax avoidance scheme.
Though they benefit from the new capital allowance rules, there are some painful changes to the National Insurance regime announced in the 1999 Budget but operating from this April.
"The RLA believes that there should be a scheme of capital allowance for repair and refurbishment, not just the revised allowance for replacement of white goods and furniture etc, to prevent properties from falling into disrepair or their contents becoming out of date".
The share of incorporated businesses is 46,7percentt, while the remaining 35,6percentt represents capital allowance.
He also said there will be 100% first year capital allowance for the installation of electric vehicle charging infrastructure.
Thus the accounting depreciation for plant and equipment is replaced by legally allowed depreciation or what are called capital allowances.
David Woodward, head of capital allowances at KPMG said "The reduction in corporate tax rate is essentially being funded by the reduction in capital allowances.
David Woodward, head of capital allowances at KPMG, warned: "The reduction in corporate tax rate is essentially being funded by the reduction in capital allowances.
The only immediate headwind is the possibility of capital allowances being abolished.
The capital allowances let companies to offset investment in plant, buildings and patents against corporation tax.
