Investment allowances.
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Investment allowance. [Investment allowance. (d) any machinery or plant, the whole of the actual cost of which is allowed as a deduction (whether by way of depreciation or otherwise) in computing the income chargeable under the head "Profits and gains of business or profession" of any one previous year.
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another form of incentive the investment allowance permits investors to deduct from taxable income ascertain percentage of the cost of eligible assets in addition to depreciation allowance the total dedication thus may exceed the cost of an eligible asset over it's lifetime
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