Tax Relief
/ˈtæks rɪˌlif/
Definitions
- (n.) A reduction in the amount of tax owed or a deduction permitted to reduce taxable income.
The government introduced new tax relief measures to support small businesses.
- (n.) A statutory or regulatory provision that provides exemption, deduction, credit, or postponement of tax liability.
Tax relief can include exemptions granted to charities under specific laws.
Forms
- tax reliefs
Related terms
See also
Commentary
Use 'tax relief' to refer broadly to any legal mechanism reducing tax burden; clarify type (e.g., deduction, credit) in detailed drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.