relief on business assets

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• Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

• 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

• taper relief — In the UK, a tax relief that can be set against a liability to capital gains tax arising from the disposal of chargeable assets. The amount of taper relief depends on the type of asset (business or non business) and the number of complete years… …   Big dictionary of business and management

• taper relief — In the UK, a tax relief that can be set against capital gains made on disposals of assets. The amount of taper relief depends on the type of asset (business or non business) and the number of complete years of ownership after 5 April 1998. The… …   Accounting dictionary

• hold-over relief — England, Wales A capital gains tax deferral relief. The chargeable gain (chargeable gains) is not taxed when it arises, but instead is held over and added to the next gain which arises (if any). Hold over relief only applies to: • chargeable… …   Law dictionary

• retirement relief — This is a relief from CGT for those who sell their business when they retire. Retirement relief applies to individuals aged 50 or over (or those who retire early for reasons of ill health) who dispose of the whole or part of a business, business… …   Law dictionary

• roll-over relief — replacement of business asset relief A relief from capital gains tax available on certain disposals in which the proceeds from the disposal of the asset are reinvested in a new business asset. Both the old and new asset must be business assets,… …   Accounting dictionary

• roll-over relief — replacement of business asset relief A relief from capital gains tax available on certain disposals in which the proceeds from the disposal of the asset are reinvested in a new business asset. Both the old and new asset must be business assets,… …   Big dictionary of business and management

• roll-over relief — When certain business assets are sold and the consideration is used to acquire a new business asset, roll over relief may, at the election of the taxpayer, be available on any gain made at the election of the taxpayer on the disposal. The gain on …   Law dictionary

• entrepreneurs' relief — England, Scotland, Wales A relief from capital gains tax (CGT) that is available to individuals and trustees. It can be claimed in respect of gains arising on disposals of businesses, shares in personal companies and associated business assets… …   Law dictionary

• retirement relief — Formerly, a relief from capital gains tax given to persons disposing of business assets at or over 50 years of age, or earlier if retiring due to ill health. In 1999–2003 it was phased out in favour of taper relief …   Accounting dictionary