Taxable equivalent income
From ACT Wiki
Adjusting method that allows tax-free income or yield to be compared to gross taxable income before any taxes are deducted. This is done in order to determine how much taxable income/yield is required to equal the income or yield generated by a tax-free investment.
Also known as Taxable equivalent yield.
See also
- Balancing allowances
- Balancing charges
- Capital allowances
- Deferred tax
- Her Majesty’s Revenue & Customs
- Inland Revenue
- Notional allowances
- Taxable person
