Marginal relief: Difference between revisions

Latest revision as of 00:30, 7 July 2022

Tax - UK Corporation Tax & 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 & Capital Gains Tax.

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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.
+''Tax - UK Corporation Tax & Capital Gains Tax''.
-#''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.
+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 & Capital Gains Tax.
 == See also ==
-[[Marginal rate of tax relief]]
+* [[Capital Gains Tax]]
+* [[Corporation Tax]]
+* [[Marginal]]
+* [[Marginal rate of tax relief]]
+* [[Relief]]
+* [[Tax]]
+* [[Tax relief]]
-[[Category:Taxation]]
+[[Category:Accounting,_tax_and_regulation]]