0 the system of allowing someone not to pay tax on a part of their income
1 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%.
In other words, tax relief strategies played a role as 'incentives' for individual freedom to have personal pensions.
This may reflect the limits on contributions attracting tax relief, which also rise with age.
Both countries have a long history in offering high tax relief for sole earner households, although the amount declined during the 1970s and 1980s.
There was no mention whatsoever of graduated tax relief for each family member as had been in operation after 1920.
Tax relief policies can benefit family care-givers in the form of tax credits, refundable or non-refundable, or by increasing exemptions or allowances from taxable income.
Tax relief for savings and withdrawal of funds from pension programmes generally remained intact.
A further one per cent of earnings would be generated from the tax relief available on pension contributions.
All prospects for debt redemption and tax relief looked remote.
