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Home > QFINANCE Dictionary > Definition of taper relief

Definition of

taper relief

Tax

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.

Recommended Further Reading (Term count)
  • Corporate Finance for SMEs
    by Terry Carroll
    The term “corporate finance” is widely, and sometimes loosely, used in business. In accounting firms it typically relates to a department or function that primarily deals with:mergers, acquisitions, and disposals (M&A); raising finance (early stage through to mature businesses); flotations; management buyouts and buy-ins; business valuations; due diligence; succession planning and exit strategies. These might represent the practical application...
taper relief - Related Articles
  • Corporate Finance for SMEs

    Best Practice

    SMEs are often started and/or owned by owner/entrepreneurs. Corporate finance transactions may be precipitated by owners, their bankers, accountants, or lawyers, or by approaches from elsewhere. For example, two sets of circumstances have recently led to a flurry of transactions: The British Government changed the capital gains tax (CGT) arrangements for businesses from April 6, 2008, ending taper relief
    By Terry Carroll

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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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