Tax Written Down Value definition

Tax Written Down Value has the meaning given to that expression in the Financial Schedule;
View Source
Tax Written Down Value means the lesser of the amount of expenditure incurred on the acquisition of a capital asset or the value of an asset at the date of commencement of taxation under the Act calculated in accordance with Section 80(b) of this Regulation, reduced by the aggregate amount of all capital allowances claimed as deductions in the calculation of a person’s taxable income in previous accounting periods;
View Source
Tax Written Down Value means, in relation to an Accounting Period of the Lessor, the aggregate Ship Cost treated as incurred by the Lessor in that and all previous Accounting Periods qualifying for Capital Allowances (the Lessor preparing its computations in accordance with the Variable Assumptions, as the same may be varied from time to time) less the aggregate of all Capital Allowances made to the Lessor in respect of the Ship Cost in all previous Accounting Periods of the Lessor and any Disposal Value which the Lessor is required to bring into account in any previous Accounting Period of the Lessor;
View Source

More Definitions of Tax Written Down Value

Tax Written Down Value means the unrelieved qualifying expenditure to carry forward from the chargeable period which ends on the date in question (as determined in accordance with section 59 of the Capital Allowances Act);
View Source
Tax Written Down Value means, as at any date, the Total Equipment Cost, less the aggregate of;—
View Source
Tax Written Down Value. Means the Cost of the Goods in question reduced by the amount of all first-year allowances and writing down allowances obtained during the Rental Term and retained in respect of the Goods during the Rental Term.
View Source

Related to Tax Written Down Value

  • Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.

  • Transaction Value : means the actual contract value (the bid sum or price) in South African currency, inclusive of all applicable taxes in respect of the goods, services or construction works that are contracted for.

  • Write-Down Amount means, for any Collection Period for any 180-day Receivable or Repossessed Receivable, the excess of (a) the Principal Balance plus accrued and unpaid interest of such Receivable as of the last day of the Collection Period during which such Receivable became a 180-day Receivable or Repossessed Receivable, as the case may be, over (b) the estimated realizable value of such Receivable, as determined by the Servicer in accordance with its normal servicing procedures for the related Collection Period, which amount may be adjusted to zero by the Servicer in accordance with its normal servicing procedures if such Receivable has ceased to be a 180-day Receivable as provided in the definition of “180-day Receivable.”

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Net Written Premium means direct premium written on the Policies covered by this Agreement plus additions, less refunds and return premium for cancellations and reductions (but not dividends) and less premium paid or payable for reinsurance that inures to the benefit of the Participating Companies.