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tax relief

British

noun

a reduction in the amount of tax a person or company has to pay

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Affected childminders can continue to get full tax relief on the business proportion of their expenses, such as buying new items or paying for repairs, rather than claiming the 10% allowance.

From BBC

Oxfordshire County Council said it was looking at new approaches to improve recruitment and retention, including incentives like council tax relief.

From BBC

The removal of 100% inheritance tax relief for farmers placed many in Northern Ireland in an invidious position.

From BBC

At last year's Budget, ministers said they would start imposing a 20% tax on inherited agricultural assets worth more than £1m from April 2026, ending the 100% tax relief that had been in place since the 1980s.

From BBC

Those proposals would have required farmers to pay inheritance tax on their assets for the first time in decades, with 100 percent tax relief only available for the first £1 million of property.

From Barron's

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023