Tax relief is a reduction in the amount of tax that a person or company has to pay, for example because of expenses associated with their business or property.
...mortgage interest tax relief.
tax relief in British English
noun
a reduction in the amount of tax a person or company has to pay
tax relief in Accounting
(tæks rəlif)
noun
(Accounting: Tax)
Tax relief is a reduction in the amount of tax that a person or company has to pay.
Both employer and employee can claim tax relief on the contributions that they make to the scheme.
Among the biggest beneficiaries of tax relief on investments are the charitable trusts.
Tax relief is a reduction in the amount of tax that a person or company has to pay.
tax
Examples of 'tax relief' in a sentence
tax relief
The withdrawal of mortgage tax relief is not the only tax blow for landlords.
Times, Sunday Times (2016)
Everyone was piling in because the tax relief was going to run out.
Times, Sunday Times (2016)
The mortgage interest tax relief changes will also squeeze the return from the property.
Times, Sunday Times (2016)
Calls are growing for the government to offer more tax relief for companies who want to increase investment.
Times, Sunday Times (2016)
About a third of landlords own their properties outright and will not be hit by the mortgage tax relief changes.
Times, Sunday Times (2016)
Darling also introduced tax relief for the UK’s video games industry during his speech.
Computing (2010)
The five-year holding period to qualify for tax relief means they are also not suitable for money that you might need quickly.
Times, Sunday Times (2017)
Landlords are also feeling the chill, with more lenders tightening their affordability criteria to reflect the reforms to mortgage interest tax relief that take effect next year.
Times, Sunday Times (2016)
Without the tax relief my business would not be viable and we would have to sell up.
Times, Sunday Times (2015)
You get tax relief on any mortgage interest you pay.
Times, Sunday Times (2007)
It is a way for the government to restrict the amount of tax relief individuals receive.
Times, Sunday Times (2013)
But the belief that unlimited tax relief is necessarily a good thing must be challenged.
Times, Sunday Times (2012)
The restriction of mortgage tax relief for landlords was not.
Times, Sunday Times (2015)
The future of mortgage interest tax relief is not discussed.
Times, Sunday Times (2015)
That would make it easier to claim tax relief on the mortgage interest payments.
Times, Sunday Times (2012)
For more than three decades homeowners received tax relief on their mortgage interest payments.
Times, Sunday Times (2013)
The other project is a lobbying effort for property tax relief for widows who own their own homes.
Christianity Today (2000)
But then they did away with mortgage tax relief which should have lowered affordability to just three times annual salary.
Times, Sunday Times (2009)
Tax relief on mortgage interest for those buying their own homes was abolished nearly 30 years ago.
Times, Sunday Times (2015)
Tax relief for businesses won't be cheap.
Times, Sunday Times (2014)
Investors get 30% income tax relief on the amount invested after three years.
Times, Sunday Times (2013)
The complex scheme involved claiming tax relief on a 1 million licence purchased from a pharmaceutical company.
Times, Sunday Times (2012)
Buy-to-let borrowers get tax relief on mortgage interest payments so you can set all payments on an interest-only loan against tax.
Times, Sunday Times (2008)
Can they come from my company and, if so, will the company get tax relief?
Times, Sunday Times (2012)
So rather than giving to the Government, why not claim tax relief on your savings instead?
Times, Sunday Times (2007)
From April 2017 they will no longer be able to claim full tax relief on interest bills.
Times, Sunday Times (2015)
Then, by announcing a cap on tax reliefs including charitable donations, he set himself against the rich.
Times, Sunday Times (2012)
What this means, effectively, is that the government will pay tax relief only on contributions up to this amount.
Times, Sunday Times (2010)
The companies say taxable profits in Britain were cut because of various tax reliefs, interest on borrowings and head office expenditure.
Times, Sunday Times (2016)
The government could also introduce some form of retirement relief, though tax relief on this could be capped at the first 100,000.
Times, Sunday Times (2007)
Plans to cut tax relief for buy-to-let investors will push up rents and harm tenants more than landlords, mortgage lenders are warning.
Times, Sunday Times (2015)
In other languages
tax relief
British English: tax relief NOUN
Tax relief is a reduction in the amount of tax that a person or company has to pay.