UK Accounting Glossary
Writing Down Allowance is a type of capital allowance where the cost of assets acquired in the current year is added to the written down value of the assets acquired in the previous years. The allowance is calculated as a specified percentage of the total value.
A writing-down allowance (WDA) is a capital allowance available to UK traders.
Any additions to plant and machinery are added to written-down value of assets acquired in any previous year, and the writing-down allowance is calculated as 18% of it’s total.
For certain long-life assets it may be calculated at 8% in a similar way.
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This glossary post was last updated: 29th January 2019.