Tax Allowance definition
Examples of Tax Allowance in a sentence
Return and Income Tax Allowance, determined pursuant to Section 3 below.
A Tax Allowance Amount paid to a Member under this Section 5.10 shall be treated as an advance against distributions to the same Member under this Agreement.
Change of Station (COS) Voucher Payments # of COS payments for en route, house hunting, direct reimbursement real estate related expenses, home marketing incentive payments, direct reimbursement property management related expenses, self- move transportation, storage of household goods, temporary quarters subsistence expenses, miscellaneous expense allowance, Relocation Income Tax Allowance (▇▇▇▇) and ETDY Tax Reimbursement Allowance (ETTRA), (including reissued payments).
Upon such determination, the Company shall distribute each Member’s Tax Allowance Amount to such Member.
For the purposes of computing the Tax Allowance Amount, if any, the effect of any benefit to a Member under Section 734 or 743 of the Code, if any, will be ignored.
This is in place of the benefits provided by the Group including the Secondee's Foreign Services Premium, Cost of Living Adjustment, Home Add-Backs Allowance, Housing and Utilities Allowance, Home Leave Travel Allowance and Council Tax Allowance.
Where appropriate, we will aim to utilise your annual Capital Gains Tax Allowance, unless otherwise agreed.
Notwithstanding Section 3.03 hereof, on or before the date that estimated income taxes are required to be paid, the Managing Member shall determine the Tax Allowance Amount for each Member in respect of such quarter.
If the Adjusted Taxes for any Tax Year shall be in excess of the Tax Allowance, Tenant shall pay to Landlord as Additional Rent an amount equal to Tenant's Proportionate Share of such excess.
The Tax Allowance shall be calculated by multiplying the “gross up percentage” (“GUP”) by the payment to be made under clause (A) above.