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Home > QFINANCE Dictionary > Definition of taper relief

Definition of

taper relief


UK system for adjusting capital gains tax payable in the United Kingdom, a system of reduction in the capital gains tax payable on the disposal of assets by relating the proportion of the capital gain charged to tax to the length of time the asset has been owned. The reduction differs for business assets and non-business assets.

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Definitions of ’taper relief’ and meaning of ’taper relief’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’taper relief’ and other financial terms with our online QFINANCE Financial Dictionary.

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