(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
THIS WEEK’S WORD OF THE DAY QUIZ IS POSITIVELY FELICIFIC
Do you study our Words of the Day with great assiduity? See how many you remember from March 30 to April 5!
Question 1 of 7
Words nearby taper relief
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