| 释义 |
taper relief
taper relief n (Economics) (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 taper relief
taper relief a reduction of the capital gain arising on the disposal of capital assets. The rate of relief depends upon the class of asset (business or non-business) and the period of ownership. |