English version


From Longman Business Dictionary
Related topics: Finance
bed-and-breakfastingˌbed-and-ˈbreakfasting noun [uncountable] informalFINANCE in Britain, when someone sells shares one day and buys them back the next day in order to reduce the amount of CAPITAL GAINS TAX that they have to pay in a particular period of time. This was made illegal in 1998
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