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- Title
Investment in the Development Districts of the United Kingdom: Tax and Discounted Cash Flow.
- Authors
Alfred, A.M.
- Abstract
The article discusses the significance of the grants and depreciation provisions given to industries in Great Britain as an incentive to move into development areas. Until April 1963, Industrial Development Certificates needed to be obtained from the government prior to undertaking significant extensions would often be refused for areas with high levels of employment. The introduction of specified-percentage cash grants towards the cost of buildings and plants is discussed. These grants, which give the option of writing off plants for tax purposes, were applied by the British Board of Trade to the Development Districts in Great Britain. The concept of "free depreciation" is discussed. The effect of grants on capital cost and corporate profits is considered.
- Subjects
UNITED Kingdom; INVESTMENTS; GRANTS in aid (Public finance); TAX deductions; GREAT Britain. Board of Trade; ECONOMIC policy
- Publication
Journal of Accounting Research (Wiley-Blackwell), 1964, Vol 2, Issue 2, p172
- ISSN
0021-8456
- Publication type
Article
- DOI
10.2307/2489999