单词 | allowable expenses |
释义 | allowable expenses A basic-rate taxpayer who claims relief on £1,000 of allowable expenses will get £200 of the £1,000 they spend on equipment. Times,Sunday Times If you're a basic-rate taxpayer claiming tax relief on £1,000 of allowable expenses, you will get relief at the basic rate of 20 per cent, so £200. Times,Sunday Times Clubs can also spend freely on long-term development items such as stadium upgrades, academies, training facilities and youth teams, which are allowable expenses. Times, Sunday Times When paying income tax, you are permitted to deduct allowable expenses from your rent. Times, Sunday Times You can claim tax relief if allowable expenses exceed your rental income in any year. Times, Sunday Times |
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