Sentence examples for deductions against from inspiring English sources

Deductions against salary income go beyond broadly accepted principles for offsetting losses against gains.

The companies can use those deductions against profits that would otherwise be subject to the petroleum resources rent tax.

Labor has promised to target negative gearing, which allows people to use their net losses on investment properties as tax deductions against their other income.

One of the most controversial proposals would delay deductions against overseas profits until those profits are brought back to the United States.

Since 2000, New York State's Green Building Tax Credit has given deductions against a company's or developer's state tax bill for projects that meet specific sustainable requirements, like the under-construction Bank of America Tower in Manhattan.

Chas Roy-Chowdhury, head of tax at the Association of Chartered Certified Accountants, says that if, for example, you did some regular freelance work from home during the year, on top of your normal PAYE job, you would be entitled to deductions against the freelance income.

The unused amount can be carried forward up to five more years to be used as a deduction against income.

Bowen said the average taxpayer claims just $366 as a deduction against the cost of hiring an accountant.

"The offense against an individual woman becomes an offense against the family," Arbia said, "which becomes an offense against the country, and so, by deduction, against humanity".

Federal Labor and the Greens have proposed a rethink of negative gearing, the practice of property investors claiming their losses as a deduction against their taxable income.

The result, Ernst & Young tax advisers suggested, was that Skype Technologies should receive a 95% tax deduction against its royalty income in Luxembourg.