Example sentences of "this [vb mod] be less " in BNC.
Next page| No | Sentence |
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| 1 | If the vendor shareholders are entitled to a substantial element of indexation allowance to reduce the gain deriving from a disposal of their shares , or have allowable losses or other available reliefs to reduce their gains , then despite the fact that they will usually suffer tax at 40% on the gain , this may be less than the effective 25% rate of income tax if the buy-in is treated as a distribution , in which case the buy-in may be able to proceed under the tax regime provided for in ss219 to 229 TA 1988 . |
| 2 | It will improve gearing and the offeror 's ability to borrow ( unsecured creditors will regard it as similar to share capital ) but the holders will expect a higher yield to compensate them for their higher risk , although this should be less than that expected for preference share capital . |
| 3 | However , this will be less than if your interest is forfeited , as happens with many other higher interest accounts . |
| 4 | If we assume , instead , that the poorest in the locality benefits ( though not fully ) from the cuts in central tax , a higher output will be chosen as a result of the cut in taxes , though this will be less than output OX 2 , the output that would be chosen if an equivalent lump-sum grant had been received . |
| 5 | If the market in the offeror 's shares is not particularly liquid then this will be less of a selling point . |