capital allowance Meaning in the Cambridge English Dictionary
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Meaning of “capital allowance” in the English Dictionary

"capital allowance" in Business English

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capital allowancenoun [C]

uk   us   (also investment allowance)
ACCOUNTING, TAX an ​amount of ​money that a ​businessspends to ​buybuildings, ​equipment, ​vehicles, etc., which it can use to ​reduce the ​tax on its ​profits: A 100% ​capitalallowance is ​available for ​capitalexpenditure on scientific ​research, for ​example, for the ​purchase of a ​laboratory.
(Definition of capital allowance from the Cambridge Business English Dictionary © Cambridge University Press)
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