capital allowance
noun[C]
ukus(alsoinvestment allowance)ACCOUNTING,TAX
anamountofmoneythat abusinessspendstobuybuildings,equipment,vehicles, etc., which it can use toreducethetaxonitsprofits:
A 100%capitalallowanceisavailableforcapitalexpenditureonscientificresearch, forexample, for thepurchaseof alaboratory.
Compare
depreciation allowance
writing-down allowance