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taper relief

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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
QUIZ
QUIZ YOURSELF ON AFFECT VS. EFFECT!
In effect, this quiz will prove whether or not you have the skills to know the difference between “affect” and “effect.”
Question 1 of 7
The rainy weather could not ________ my elated spirits on my graduation day.
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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

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