tax relief

noun

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

Example Sentences

The UK Treasury said it was taking "a fair and balanced approach" to inheritance tax relief in order to help fund public services.

From BBC

This is not to say that Trump’s proposed tax relief will fail to provide any help to Social Security beneficiaries, at least in terms of giving them a little more money for heating, medical care and family support.

From Salon

Indeed, speaking on The Westminster Hour on BBC Radio 4, Baroness Mallalieu, a Labour peer and the president of the Countryside Alliance, said the government’s changes to inheritance tax relief “smell of incompetence” and that a "large part of our party has become urban... divorced from a big section of the community".

From BBC

The Treasury has said the autumn Budget provided tax relief for charities and their donors worth just over £6bn for the tax year to April 2024.

From BBC

Now the Treasury expects that the changes to inheritance tax , as well as changes to Business Tax Relief, will raise £230m in 2026-27, the first year of their introduction.

From BBC