Marginal relief: Difference between revisions
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Marginal relief is tax relief designed to bridge a boundary between: | Marginal relief is tax relief designed to bridge a boundary between: | ||
:(1) A full rate of tax - or charge to tax - and | :(1) A full rate of tax - or charge to tax - and | ||
:(2) Lower rates, or tax free transactions. | :(2) Lower rates, or tax free transactions. | ||
Revision as of 09:11, 3 March 2022
Tax - UK Corporation Tax - UK Capital Gains Tax.
Marginal relief is tax relief designed to bridge a boundary between:
- (1) A full rate of tax - or charge to tax - and
- (2) Lower rates, or tax free transactions.
Applying marginal relief has the effect of a lower overall effective rate of tax, or a lower tax charge.
Examples of contexts where marginal tax relief have applied include UK Corporation Tax, and UK Capital Gains Tax.
