A financial arrangement made to avoid or minimize taxes.
- About 20 million of them were sold during their 12-year lifetime and they can continue to act as a tax shelter for your investments.
- To ensure a good return on a tax-break investment, investors should deduct the value of the tax shelter from the purchase price and compare it to the price of similar properties in the area.
- The new regime for Isa products from April 5 effectively removes the tax shelter on dividend income for basic rate taxpayers leaving them no better off than if they had invested directly.
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Syllabification: tax shel·ter
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