Capital Allowance

Capital Allowance definition

/ˈkapɪt(ə)l/ /əˈlaʊəns/
Read Tax definition

What does Capital Allowance mean?

A form of corporation or income tax relief for some types of capital expenditure. Different types of expenditure attract allowances at different rates. Relief is not generally given in full at the time the expenditure is incurred but is spread over several years.

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