Balancing Charge

Balancing Charge

The amount by which the sale price of an asset exceeds its written-down value. The written-down value is considered the actual value of the asset for tax purposes. As a result, a balancing charge is considered profit and is taxable.
References in periodicals archive ?
Also included in this filing is a small reduction to the Balancing Charge to 9.
Equally no balancing charge will arise on a sale," said Ms Oates.
You should be aware that in any financial year the service charge will be based on an estimate of the costs and expenses that will be incurred, and that at the service charge year end, there may have to be a balancing charge to adjust the figures.
He also revealed Arla Foods has suspended the balancing charge on excess litres from June 1.
Cell Balancing Charge Control Circuits for 3-cell (X3101) and 4-cell (X3100) Li-Ion battery packs.
Your purchase agreement might have provision for any balancing charge relating to the period of your seller's ownership to be settled by the previous owner, even though the bill is not raised at the time of the sale, but that is a matter between you; it does not affect the landlord's rights to require you to pay As for future costs of a capital nature, many leases do have provision for a sinking or reserve fund, which is useful in paying for expensive items of repair or renewal.
The filing also contains an increase in the balancing charge, which is applied to bills from November through March to recover the cost of providing storage and peaking services.
24 includes a 25 cents balancing charge paid by all customers, regardless of their gas supplier.
The Muller Wiseman Formula Price follows the same approach and unlike prices offered by competitors, it is not then eroded by deductions like member contributions, capital levies, balancing charges or haulage charges.
Of extra or hidden charges such as balancing charges, nomination chargers, service feeds, and onerous late payment charges.
Customers will be reimbursed by Firestone up to $100 per tire, including taxes, mounting and balancing charges.
If customers are not 100 percent satisfied with their purchase, they can bring their MICHELIN replacement tires back to the point of purchase within 30 days for a no-cost exchange, including all mounting and balancing charges, no questions asked.