Capitalisation and Loss relief: Difference between pages

Revision as of 13:19, 10 March 2022

Tax.

Tax benefits to a taxpayer arising from having made losses.

For example, an entitlement to offset tax losses against other taxable profits, to reduce the amount of tax payable.

@@ Line 1: / Line 1: @@
-. ''Financial accounting.''
+''Tax''.
-When a fixed asset is purchased the cost is not debited to the income statement (or profit and loss account). Instead the debit is to the balance sheet, creating an asset.
+Tax benefits to a taxpayer arising from having made losses.
+For example, an entitlement to offset tax losses against other taxable profits, to reduce the amount of tax payable.
-.
-The total market value of a firm's capital.
 == See also ==
-* [[Capital]]
+* [[Tax relief]]
-* [[Fixed assets]]
+* [[Terminal loss relief]]
+[[Category:Accounting,_tax_and_regulation]]