Expense relief: Difference between revisions
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''Tax''. | ''Tax''. | ||
A type of tax relief given by subtracting a deduction from (otherwise) taxable profits, before calculating the amount of tax payable on the reduced net taxable profits. | A type of tax relief given by subtracting a deduction from (otherwise) taxable profits, before calculating the amount of tax payable on the reduced net taxable profits. | ||
This is a less valuable type of tax relief than Credit relief. | |||
== See also == | == See also == | ||
* [[Credit relief]] | * [[Credit relief]] | ||
* [[Relief]] | |||
* [[Tax relief]] | * [[Tax relief]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 00:29, 7 July 2022
Tax.
A type of tax relief given by subtracting a deduction from (otherwise) taxable profits, before calculating the amount of tax payable on the reduced net taxable profits.
This is a less valuable type of tax relief than Credit relief.
