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tscello t1_ixcmck0 wrote

Reply to comment by Make_the_music_stop in [OC] Royal Mail, Europe's 3rd largest postal service by market cap - breaking down its 2021 annual report by giteam

curious — are capital allowances similar/the same thing as capital tax rebates that corporations receive incentively from their government?

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Jordy_Pordy t1_ixd3no1 wrote

Quite possibly, from what I have done so far with them, they are just allowances to reduce the tax burden relating to capital assets. But yes, I think they are incentivised via the government to encourage larger corporations.

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