a form of tax relief, designed to smooth large changes in liability, which operates by restricting the proportion by which liability may change per year, both upwards and downwards
Examples of 'transitional relief' in a sentence
transitional relief
There is also transitional relief to limit the sudden changes in bills.
Times, Sunday Times (2017)
However, they will not be able to reduce the transitional relief cap, which stops bills going up too fast in the short term.
Times, Sunday Times (2017)
The chancellor said charities can claim 'transitional relief' for three years, allowing them to retain the 22% relief rate.
Times, Sunday Times (2008)
One option could be to expand transitional relief, worth 3.6 billion at present, to bring in the change gradually over five years.
Times, Sunday Times (2017)
Businesses hit by the end of the 2005 transitional relief scheme will also be allowed to spread their payments.
Times, Sunday Times (2009)
Plans to extend small business and transitional reliefs will be welcome by shopkeepers.