Sentence Examples


  • It is a well-ascertained fact that the insulator, gutta-percha, is, when kept under water, practically imperishable, so that it is only the original strength of the sheathing wires and the deterioration allowable in them that have to be considered.
  • Lease rental payments are deemed by the Inland Revenue to be 100% expense allowable against taxable profits.
  • Certain agreements offer taxation savings as all rentals may be allowable against corporation tax.
  • Any element of the loan repayment relating to capital is not allowable against the rental income.
  • The initial cost of the herd and the cost of any additions are not allowable as trading deductions.

How would you define allowable? Add your definition here.

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