Trade-in Allowance

Trade-in Allowance

Trade-In Allowance
The amount by which the seller reduces the sale price of a property in return for the property of the buyer. This does not affect the buyer's basis in the property purchased.
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References in periodicals archive ?
He said in the first charge Currys advertised an Indesit washing machine at pounds 279.99 but with a trade-in allowance the price was pounds 249.99 saving pounds 30.
In the second charge, a Hotpoint washing machine was advertised at pounds 329.99 and pounds 299.99 with a trade-in allowance. The third charge related to the sale price of a Zanussi washing machine.