written down

written down
For qualifying equipment (i.e. plant and machinery but also including a licence of computer software) a proportion of the capital cost can be used to relieve tax - the relevant amount is set against company revenue which would otherwise be taxable profit.

Easyform Glossary of Law Terms. — UK law terms.

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  • written-down value — WDV The value of an asset for tax purposes after taking account of its reduction in value below the initial cost, as a result of its use in the trade. An asset acquired for a trade is eligible for capital allowances A writing down allowance of… …   Big dictionary of business and management

  • Written-Down Value — The value of an asset after accounting for depreciation or amortization. Written down value is also called book value or net book value. It is calculated by subtracting accumulated depreciation or amortization from the asset s original value.… …   Investment dictionary

  • written-down value — The book value of an asset after allowing for depreciation and amortization. Bloomberg Financial Dictionary * * * written down value written down value ➔ value1 * * * written down value UK US noun [U] (also WDV …   Financial and business terms

  • written-down value — WDV The value of an asset for tax purposes after taking account of its reduction in value below the initial cost, as a result of its use in the trade. An asset acquired for a trade is eligible for capital allowances. A writing down allowance of… …   Accounting dictionary

  • written-down value — nurašymo vertė statusas T sritis Gynyba apibrėžtis Turto kaina, atmetus nuvertėjimo nuostolius. atitikmenys: angl. written down value šaltinis NATO mokymų ir pratybų finansavimo terminų žodynas AAP 43(1), 2009 …   Lithuanian dictionary (lietuvių žodynas)

  • written-down value — /ˌrɪt(ə)n daυn vælju:/ noun a value of an asset in a company’s accounts after it has been written down …   Dictionary of banking and finance

  • written down — Synonyms and related words: booked, documented, down, enrolled, entered, filed, indexed, inscribed, legal, logged, minuted, of record, official, on file, on record, on the books, posted, recorded, registered …   Moby Thesaurus

  • tax written down value — For capital allowances purposes, the balance of expenditure in respect of which capital allowances have not yet been claimed. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • Written Down Value —    Fixed assets in a company s balance sheet which are listed at their historical, or original, cost, minus depreciation …   Financial and business terms

  • down-and-dirty — [doun′ən dʉrt′ē] adj. Slang 1. realistic; unvarnished 2. earthy, coarse, uninhibited, etc. 3. unscrupulous 4. fiercely competitive: Sometimes written down and dirty …   English World dictionary

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