Tax timing strategies

Choosing when income, gains, losses and deductions are recognised in order to manage the tax owed in a given year. Examples include accelerating deductions, deferring income and realizing losses to offset gains.

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Related terms

Tax and depreciation

• Accelerated depreciation
• Diminishing value
• Double declining balance
• Sum-of-the-years' digits
• Tax deferral
• Temporary full expensing / instant asset write-off
• Units of production