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Dictionary definition: taper relief
- Article from:
- A Dictionary of Business
Copyright© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information)
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taper relief
In the UK, a tax relief that can be set against a liability to
capital gains tax
arising from the disposal of chargeable assets. The amount of taper relief depends on the type of asset (business or non-business) and the number of complete years of ownership after 5 April 1998. The rules ...