Allowance

  • 101age allowance — The personal allowance available to taxpayers aged 65 and over. The age allowance for taxpayers aged 65 74 is £7090 and for those 75 and over is £7220, for 2005 06. There is an income limit of £19, 500 for age allowance. The allowance is reduced… …

    Big dictionary of business and management

  • 102Basic Allowance for Housing — (B A H) is a United States military entitlement given to many military members. It was previously called Basic allowance for quarters (BAQ).How It WorksBAH is given to members so that they can provide housing for themselves and their dependents… …

    Wikipedia

  • 103Overseas Housing Allowance — (OHA) is a United States military entitlement given to military servicemen and women living overseas. It is the overseas equivalent of the Basic Allowance for Housing.How It WorksOHA is given to servicemembers so that they can provide housing for …

    Wikipedia

  • 104indexation allowance — For corporation tax purposes, a company which disposes of (or is deemed to dispose of) an asset acquired on or after 31 March 1982 receives an indexation allowance which is deductible from any chargeable gain (chargeable gains). The allowance is… …

    Law dictionary

  • 105cost of living allowance — ➔ allowance * * * cost of living allowance UK US noun [C] (ABBREVIATION COLA) ► ECONOMICS, HR extra money that some people receive from their employer, for example, because they work in an area that is very expensive, or because prices have… …

    Financial and business terms

  • 106depreciation allowance — ➔ allowance * * * depreciation allowance UK US noun [C] ► ACCOUNTING, TAX the amount, based on the depreciation of assets, that a business can reduce its profit by when taxes are calculated: »The bill will change the depreciation allowance that… …

    Financial and business terms

  • 107loan-loss allowance — ➔ allowance * * * loan loss allowance UK US noun [C] (also loan loss provision [C], loan loss reserves [plural]) ► ACCOUNTING, BANKING in a bank’s accounts, an amount showing what it expects to lose from loans that may not be paid back: »The loan …

    Financial and business terms

  • 108tax allowance — ➔ allowance * * * tax allowance UK US noun [C] UK (US tax exemption) TAX ► an amount of money that can be taken off someone s income and savings, or a company s profits before the tax owed is calculated: »The married couple s tax allowance was… …

    Financial and business terms

  • 109writing-down allowance — ➔ allowance * * * writing down allowance UK US noun [C] ACCOUNTING, FINANCE, TAX ► the percentage of the value of assets that a company can include in its profit calculations for a particular period to reduce the amount of tax it pays: »The… …

    Financial and business terms

  • 110personal allowance — The allowance to which every individual resident in the UK is entitled in calculating their taxable income for income tax. The allowance depends on the age of the taxpayer (see age allowance). For 2005–06 the personal allowance for those under 65 …

    Accounting dictionary