Definitions for "Taper relief"
Keywords:  april, relief, gain, cgt, disposal
Relief given for capital gains purposes by scaling down the gain on the disposal of an asset by reference to the period of ownership of that asset after 5 April 1998.
A valuable reduction in capital gains tax payable on the disposal of assets, related to the qualifying period of ownership of the asset.
A tax reduction on assets to those who pay capital gains tax. A holding period is applied which is 2 years for business assets and 10 years for non business assets.