| 释义 |
tax loss
tax loss n (Accounting & Book-keeping) a loss sustained by a company that can be set against future profits for tax purposes Tax Loss
Tax LossA loss of value that results in a tax deduction. A tax loss may be a business loss or it may be the loss of a personal asset such as a house. For example, the amount one spends repairing a car after a wreck may be a tax loss.
In order to qualify as deductible, the loss must not be covered by insurance and (for the loss of an asset) must be the result of a real disaster such as theft. Gradual damage generally does not qualify. |