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Glossary   >   A   >   "Additional rate tax" Definition            Additional rate tax A term which applies to trusts without an interest in possession (for example a discretionary trust) and defines the additional rate of tax on income. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Additional rate tax - A term which applies to trusts without an interest in possession (for example a discretionary trust) and defines the additional rate of tax on income.