write-off

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write-off

Informal something damaged beyond repair, esp a car
References in periodicals archive ?
The tax write-off reduces to 18% of cost if the Co2 emission range is 75 -130g/km and reduces further to 8% once the 130g/km level is breached.
"At present, the Investment Allowance of 100 per cent write-off against taxable profits on the first PS500,000 of spending on plant and equipment is scheduled to be withdrawn at the end of December 2015, at which point the tax write-off is due to be cut to just PS25,000.
"We thought you bought this place for a tax write-off" is how this worker said it.
By all accounts a masterpiece, the film has been sitting in a bank vault in Athens ever since its investors took it as a tax write-off. Matthew Yokobosky, a cocurator of Whitney's Markopoulos program, managed to locate a videotape of a version of Serenity that had been recut by one of the producers in an effort to force the film to adhere to narrative conventions.
'This may be the first time," writes Joel Achenbach in The Washington Post, "that a politician's decision not to take a tax write-off is perceived as suspicious." But the Clintons did deduct a good deal of their Whitewater investment, according to a story by Bill Simmons of the Little Rock AP.
This goes back to the point that the longer the cost recovery period, the less valuable any tax write-off becomes.
The tax write-off reduces to 18% of cost if the Co2 emission range is 96 to 130g/km and reduces further to 8% once the 130g/km level is breached.
Mr Abbott today visited a small business in Brisbane today but what he won't tell the 560,000 small businesses of Queensland is that he has a plan to take away the $6,500 instant asset tax write-off.
He said: "Why should there be one law for these people who are operating in a sweetheart arrangement that they get a tax write-off for losses that are already being borne by the taxpayer?
This specific section of the Internal Revenue Code allows small businesses to receive an immediate tax write-off on property that has a useful life of more than one year, such as machinery, equipment, furniture and off-the-shelf computer software.
A longer tax write-off period for depreciating real estate from 19 years to 31.5 years and elimination of the 175% declining balance write-off method
The province itself, he says, competes directly with Manitoba, which offers a 45-per-cent tax write-off for film production.