Tax Written Down Value definition
Tax Written Down Value has the meaning given to that expression in the Financial Schedule;
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;
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;
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);
Tax Written Down Value means, as at any date, the Total Equipment Cost, less the aggregate of;—
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.