balancing charge
C1CEFR level
85/100Rarity: very rare
TechnicalRegister
A taxable adjustment arising when the disposal proceeds of an asset exceed its written-down value for capital allowances.
Selling the machinery above its tax-written-down value crystallised a balancing charge.
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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