Meaning of “tax relief” in the English Dictionary

british dictionary

"tax relief" in Business English

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tax reliefnoun [ U ]


a reduction in the amount of tax that has to be paid:

tax relief on sth Companies can claim tax relief on donations to charity.
qualify/be eligible for tax relief Investors are eligible for 20% tax relief provided they do not touch their investments for 5 years.
mortgage/income/property tax relief In the interests of housing market stability, mortgage tax relief would be cut to 10%.

(Definition of “tax relief” from the Cambridge Business English Dictionary © Cambridge University Press)