Define: Writing-Down Allowance

UK Accounting Glossary

Definition: Writing-Down Allowance


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What is the dictionary definition of Writing-Down Allowance?

Dictionary Definition


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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