Marginal rate of tax relief

From ACT Wiki
Revision as of 10:50, 15 September 2013 by imported>Doug Williamson (Add reference to Marginal relief; clarify main definition wording re 'a small increase' in total amount of debt.)
Jump to navigationJump to search

The rate of tax at which a taxpayer would effectively save tax on the additional tax relieved expenditure if the total tax relieved expenditure increased by a small amount.

For example the marginal rate of tax relief on debt servicing costs, assuming a small increase in the total amount of debt finance.

See also