单词 | first-year allowance |
释义 | first-year allowance In the UK, a special capital allowance against corporation tax that is granted in the year of purchase of an asset in place of the standard writing-down allowance of 25%. Various first-year allowances have been made available at various times. In 2000-03, for example, small businesses that invested in computer and Internet technology were able to claim 100% first-year allowances. |
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