tax depreciation

Accelerated tax depreciation must be paid back in future years as required by law.

In addition the Committee separately reported to government on the reform of the tax depreciation rules.

The company claims tax depreciation of 25% per year.

Currently the tax depreciation time for commercial property is 39 years and 27.5 for residential.

The Committee's recommendations resulted in a new tax depreciation regime introduced in 1993.

Given tax depreciation rules, partnership investors can also "defer taxes to later in the fund's life," he added.

The tax base is the sum of operating profit/loss, financial revenues and net capital gains minus tax depreciation.

The plan involves an interpretation of tax laws that would prevent landlords from receiving tax depreciation benefits for apartments kept vacant.

For the nine months ended Sept. 30, 2002, the company lost $299.6 million on revenue of $111.6 million before interest, taxes depreciation and amortization.

This reflects the fact that the company expects to be able to claim tax depreciation in the future in excess of accounting depreciation.

Mundin gathered from the reading of a long, involved statement of capital gains and tax depreciation that the corporation officers didn't think they were making enough money.

As for the last billion, officials said, that could come from federal aid and one-shot revenues, like the sale of city properties or tax depreciation rights, or other measures.

MACRS tax depreciation rules in the U.S.

And she said that since the companies that kept title to the cars could claim tax depreciation benefits, they should also be held responsible when their cars were involved in accidents.

U.S. tax depreciation is computed under the double declining balance method switching to straight line or the straight line method, at the option of the taxpayer.

He said that both he and Mr. Rigas were particularly concerned about inflating the company's reported Ebitda, or earnings before interest, taxes depreciation and amortization.

When highly paid athletes strike for more, the public calls them selfish and sides with their exceedingly rich owners who, for the most part, see athletes as meaty tax depreciations.

The Modified Accelerated Cost Recovery System (MACRS) is the current tax depreciation system in the United States.

The basic principle of accounting for deferred tax under a temporary difference approach can be illustrated using a common example in which a company has fixed assets which qualify for tax depreciation.

Since no capital deductions are allowed, depreciation on capital assets is not tax-deductible, although tax depreciation, known as "capital allowances" is available instead for expenditure on some capital assets.

In particular, no tax depreciation is available for expenditure on land, abortive expenditure, expenditure which does not give rise to a capital asset, and apart from the specific circumstances mentioned above for most buildings.

This means that if a plant asset, say, was bought for £400 in year 1, 20% of £400 (i.e. £80) would be deductible from taxable profits as tax depreciation in year 1.

The Stark legislation would deny tax depreciation on buildings and projects constructed by Japanese companies and would deny tax exempt status on bonds used to finance public works projects in which there was Japanese participation.

But they had two primary causes: (1) The code allowed people to offset "tax losses" with their earned income, and (2) the code allowed tax depreciation to be greater than economic depreciation, creating artificial tax losses.

This was followed up in August 2003 by Corporation tax reform - A consultation document, which further discussed the possible abolition of the Schedular system, and also whether the capital allowances (tax depreciation) system should be abolished.