rate relief

rate relief
rate relief rate relief relief

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rate relief UK US noun [U]
UK FINANCE, TAX, GOVERNMENT a reduction in the amount of tax a small business has to pay on the value of its buildings
See also SMALL BUSINESS RATE RELIEF(Cf. ↑Small Business Rate Relief)

Financial and business terms. 2012.

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  • taper relief — A relief from capital gains tax (CGT) available to individuals, trustees or personal representatives which reduces the amount of a chargeable gain (chargeable gains) according to how long an asset is held after 5 April 1998. The rules draw a… …   Law dictionary

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