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taper relief

British

noun

(in Britain) a system of relief from capital gains tax under which the percentage of a chargeable gain considered taxable is reduced for each whole year (from April 1998) that the asset was held by the vendor

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The Lib Dems are proud that the budget retains their plans for a rise in capital gains tax, and rightwing calls for a taper relief have been rejected.

From The Guardian

He added that the new rate "takes us back to a similar rate to where we were under the pre-2008 rules, when taper relief was able to reduce a 40% headline rate of CGT to 24%".

From The Guardian

But speculation is now mounting that the chancellor, George Osborne, may introduce transitional measures to soften the blow, such as taper relief, or possibly classifying buy-to-let properties as a business investment, allowing them to be taxed at a lower CGT rate.

From The Guardian

Maybe he will introduce some sort of transitional arrangement, perhaps a form of taper relief, to ensure a more orderly market.

From The Guardian

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023