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Definition of Trade expense
1. Noun. Ordinary and necessary expenses incurred in a taxpayer's business or trade.
Generic synonyms: Disbursal, Disbursement, Expense
Specialized synonyms: Organization Expense, Promotional Expense
Lexicographical Neighbors of Trade Expense
Literary usage of Trade expense
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Weekly Reporter by Great Britain. Parliament. House of Lords, Great Britain. Privy Council, Great Britain. Supreme Court of Judicature (1901)
"Inland Revenue — Income tax — Deductions—"Call of licence» "—Necessary annual
trade expense—Income Tax Act, 1853 (16 & 17 Viet. c. 34), a. ..."
2. A Guide to Income-tax Practice by Adam Murray, Roger Neale Carter (1911)
"That all subscriptions, entrance fees, and levies paid by members of the Association
be allowed as a trade expense in the individual accounts of such ..."
3. Magisterial Cases by Great Britain Courts, Great Britain Court of Criminal Appeal (1907)
"1 of the Parochial Assessments Act, 1836, but is an ordinary trade expense
necessary to the exercise of the privilege acquired by the justices' certificate, ..."
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