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 ?
But the first PS2,800 should be exempt, with BT allowed to make up the "resulting loss of revenue with a balancing charge which is part of the standard connection charge for all relevant business connectivity services".
The NJ BPU also granted PSE&G approval to increase its balancing charge from 9 cents to 10 cents per therm.
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.
- Removal of accelerated depreciation and balancing charge rollover relief, adoption of effective life depreciation.
He also revealed Arla Foods has suspended the balancing charge on excess litres from June 1.
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 intra-day balancing actions of GTS on the within day market will also help support the market by setting the balancing charges for all shippers.