Trade or business expenditure definition

Trade or business expenditure. ’ means an expenditure (other than a passive activity expenditure or an in- vestment expenditure) in connection with the conduct of any trade or busi- ness other than the trade or business of performing services as an employee.
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Trade or business expenditure means an expenditure made with respect to a trade or business, as defined in § 1.163(j)–1(b)(44), except for an expenditure made with respect to a trade or business described in section 163(d)(5)(A)(ii) to the extent such expenditure is properly allocable under section 704(b) to partners that do not materially participate (within the meaning and for purposes of section469) in the trade or business.(c) Allocation of debt and interest expense. Except as otherwise provided in this section, the rules of § 1.163–8T apply to partnerships, S Corporations, and their owners.(d) Debt allocated to distributions bypassthrough entities—(1) Allocation of distributed debt proceeds—(i) Available expenditures. To the extent a passthrough entity has available expenditures (as defined in paragraph (d)(5)(ii) of this section), the passthrough entity shall first allocate distributed debt proceeds (as defined in paragraph (d)(5)(iii) of this section) to such available expenditures. If a passthrough entity has multiple available expenditures, the passthrough entity shall allocate distributed debt proceeds to such available expenditures in proportion to the amount of each expenditure.(ii) Debt financed distributions. If a passthrough entity’s distributed debt proceeds exceeds its available expenditures, the passthrough entity shall allocate such excess amount of distributed debt proceeds to distributions to owners of the passthrough entity (debt financed distributions).(2) Allocation of interest expense—(i)Interest expense allocated to debt financed distributions. If distributed debt proceeds are allocated to distributions to owners of the passthrough entity (pursuant to paragraph (d)(1)(ii) of this section), the passthrough entity shall determine the portion of each passthrough entity owner’s allocable interest expense that is debt financed distribution interest expense. The amount of a passthrough entity owner’s debt financed distribution interest expense equals the lesser of such passthrough entity owner’s allocable interest expense (as defined in paragraph (d)(5)(i) of this section) or the product of—
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Related to Trade or business expenditure

  • Acquired Entity or Business has the meaning specified in the definition of the term “Consolidated EBITDA.”

  • Independent expenditure means an expenditure by a person:

  • Capital Expenditure means expenditure on:

  • Sold Entity or Business has the meaning specified in the definition of the term “Consolidated EBITDA.”

  • Capital Expenditures means, with respect to any Person for any period, the aggregate amount of all expenditures (whether paid in cash or accrued as a liability) by such Person during that period for the acquisition or leasing (pursuant to a Capital Lease) of fixed or capital assets or additions to property, plant, or equipment (including replacements, capitalized repairs, and improvements) which should be capitalized on the balance sheet of such Person in accordance with GAAP.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.