Expense relief: Difference between revisions
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imported>Doug Williamson m (Tax/Pension check - spacing added 23/10/13) |
imported>Doug Williamson (Expand for clarity to make reference to Credit relief within the main body text.) |
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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. | |||
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* [[Tax relief]] | * [[Tax relief]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 13:24, 30 October 2013
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.
