Амортизація як звільнення від податку

Переклад терміну Амортизація як звільнення від податку

Tax write-off Копіювати

Definition of Tax write-off

Tax write off, as a process of reducing the tax burden, is an accounting procedure that allows to distribute the decrease in the value of property (e.g. buildings or construction equipment) caused by its wear and tear and obsolescence over a certain period of time. Tax write off, which reduces taxable income, is calculated based on the original or revalued cost. This amount can be deducted from taxable income or profit, which is reported in the tax return as a reduced value.

Context of usage for Tax write-off

1. The construction company took advantage of a tax write-off for installing solar panels on their new building, reducing both energy costs and taxable income.
2. By using sustainable materials in their latest project, the contractor was able to claim a tax write-off for energy-efficient building practices.
3. The property developer received a substantial tax write-off for incorporating energy-saving technologies into the construction of their eco-friendly housing units.