allowable deduction
B1CEFR level
40/100Rarity: uncommon
TechnicalRegister
An item of expenditure that the legislation permits to be set against income or gains in computing the tax charge.
Interest incurred wholly for the trade is an allowable deduction against trading profits.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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