Tax written down value

(TWDV).

Expenditure which has not yet had tax relief by way of capital allowances, but which will be tax relieved in future periods.

See also

• Balancing allowances
• Balancing charges
• Capital allowances
• Deferred tax
• Her Majesty’s Revenue & Customs
• Inland Revenue
• Notional allowances
• Tax
• Taxable person