tax relief

English - Turkish

Definition of tax relief in English Turkish dictionary: vergi indirimi; (fiil)rgi indirimi

English - English

Definition of tax relief in English English dictionary: A saving of tax arising from the right to deduct particular types of payments or losses from taxable income or gains This includes payments for specific purposes that are statutorily allowable (such as personal pension contributions), as well as the general right to deduct losses from gains for capital gains tax purposes, or business losses from other income for income tax purposes; 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. when you do not have to pay tax on part of what you earn, especially because you use the money for a particular purpose tax relief on; The government allows an artificially low tax rate to encourage purchases or savings such as with pensions and ISA's; giving discounts on taxes according to various criteria; Reduction of the amount of tax due on income by offsetting items of expenditure which are allowable