Marginal relief and Mark to market basis: Difference between pages

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#''UK Corporation Tax''.  Tax relief for companies or other organisations whose taxable profits are in between the upper limit for the (reduced) small companies' rate and the lower limit for the (full) main rate of Corporation Tax.  Marginal relief smooths the transition from the reduced rate of corporation tax to the full rate.
1.  
#''UK Capital Gains Tax (CGT)''.  Tax relief in relation to disposals of assets for proceeds which are marginally above the threshold for total exemption from CGT, reducing the amount of tax would otherwise be payable.


In financial accounting, the recognition of assets and liabilities at their current market values, as at the end of the financial accounting period.
2.
A basis of taxation which follows the mark to market basis of financial accounting.
3.
''UK Tax''.
A method of allocating loan-related payments to the period in which they become due and payable and brings the value of loan relationships into account at fair value at the end of each period.




== See also ==
== See also ==
[[Marginal rate of tax relief]]
* [[Accruals basis]]
 
* [[Market value]]
[[Category:Taxation]]

Revision as of 09:35, 22 August 2013

1.

In financial accounting, the recognition of assets and liabilities at their current market values, as at the end of the financial accounting period.


2.

A basis of taxation which follows the mark to market basis of financial accounting.


3.

UK Tax.

A method of allocating loan-related payments to the period in which they become due and payable and brings the value of loan relationships into account at fair value at the end of each period.


See also

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