Depreciating asset and Gain: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Administrator
(CSV import)
 
imported>Doug Williamson
(Expand. Source: linked pages.)
 
Line 1: Line 1:
1. ''UK Tax.''  
1.
An asset which has a life not exceeding 60 years.
 
The excess of an end amount over a starting amount.
 
For example, the excess of the accumulated principal and interest at the end of an investment period, over the amount originally invested.
 
In this simple case the gain might also be the same as the total amount of interest earned for the period.
 
 
2.
 
Capital gain.
 
 
3.
 
''Tax.''
 
Chargeable gain.  


2. Any asset whose value is normally expected to reduce with the passing of time.


== See also ==
== See also ==
* [[Assets]]
* [[Chargeable gain]]
* [[Replacement asset relief]]
* [[Interest]]
* [[Residual value]]
* [[Periodic]]
* [[Useful life]]
* [[Principal]]
 

Revision as of 06:53, 5 August 2016

1.

The excess of an end amount over a starting amount.

For example, the excess of the accumulated principal and interest at the end of an investment period, over the amount originally invested.

In this simple case the gain might also be the same as the total amount of interest earned for the period.


2.

Capital gain.


3.

Tax.

Chargeable gain.


See also