anamountrelatingto thereducedvalueof a company'sassetsthat issubtractedfromitsprofitsinordertoreducetheamountoftaxthat itpays:Currenttaxdepreciationresultsincompanies'writing off'assetssubstantiallybefore they have come to the end oftheirusefullife.(Definition oftax depreciationfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesoftax depreciation
tax depreciationAcceleratedtaxdepreciationmust be paid back in future years as required by law.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Currently thetaxdepreciationtime for commercial property is 39 years and 27.5 for residential.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The tax base is the sum of operating profit/loss, financial revenues and net capital gains minustaxdepreciation.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Taxdepreciationis quite different from accounting depreciation.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0We have ambitious schemes fortaxdepreciation, and we have standard grants, and so on.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0I believe that there should be an investment incentive on certain types of plant and machinery, and that thetaxdepreciationshould be greater than the actual depreciation.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/tax-depreciation##
