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Home > QFINANCE Dictionary > Definition of bed and spouse

Definition of

bed and spouse

Stockholding & Investments

method for couples to reduce capital gains tax in the United Kingdom, a method used by married taxpayers to reduce capital gains tax. A spouse who has a capital gain and has not used all their capital gains tax allowance may sell a security, and the other spouse may buy the same security back the next day, thereby allowing the spouse who sold to offset all or part of the gain with their tax allowance, while still holding onto the stock.

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

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