bed-and-breakfasting

bed-and-breakfasting ˌbed-and-ˈbreakfasting noun [uncountable]
informal FINANCE 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

Financial and business terms. 2012.

Look at other dictionaries:

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