(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
Examples of 'taper relief' in a sentence
taper relief
The two principal benefits are business asset taper relief and agricultural property relief.
Times, Sunday Times (2007)
The current system of taper relief has incentivised them to do just this.
Times, Sunday Times (2007)
Properties worth just above 2m will pay a lower percentage of tax through taper relief.
Times, Sunday Times (2012)
Regarding the tax position, you are considering buying a property that will probably qualify for business asset taper relief.
Times, Sunday Times (2007)
You may find, for instance, that you gain more from taper relief by waiting to sell the whole asset next year.
Times, Sunday Times (2007)
Can I take the money as a capital gain and use taper relief to cut the tax on it to 10%?