bed and breakfast deal
noun[C]
FINANCEukus(alsobed and breakfasting[U])in the UK, anillegalarrangementin which someonesellsshareson the lastdayof afinancialyearandbuysthem back the nextdayinordertopaylesscapitalgainstax:
Thebankalso did anumberofbedandbreakfastdeals,sellingand repurchasingholdingsto use upMrsRoss'scapitalgainstaxallowance.