Tax written down value
From ACT Wiki
(TWDV). Expenditure which has not yet had tax relief by way of capital allowances, but which will be tax relieved in future periods.
See also
- Balancing allowances
- Balancing charges
- Capital allowances
- Deferred tax
- Her Majesty’s Revenue & Customs
- Inland Revenue
- Notional allowances
- Taxable person