Credit relief: Difference between revisions

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''Tax''.  
1.  ''Tax''.  


A valuable type of tax relief given by deducting the amount of the credit directly from the amount of a tax liability.
A valuable type of tax relief given by deducting the amount of the credit directly from the amount of a tax liability.
For example, the deduction of an amount of foreign tax already paid, to directly reduce the amount of a domestic tax liability.
2.  ''UK personal tax''.
Relief for business trading losses, pension contributions and certain other payments for the purposes of calculating UK personal tax credits.




== See also ==
== See also ==
* [[Credit]]
* [[Expense relief]]
* [[Expense relief]]
* [[Relief]]
* [[Tax credit]]
* [[Tax credit]]
* [[Tax relief]]
* [[Tax relief]]
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 00:28, 7 July 2022

1. Tax.

A valuable type of tax relief given by deducting the amount of the credit directly from the amount of a tax liability.

For example, the deduction of an amount of foreign tax already paid, to directly reduce the amount of a domestic tax liability.


2. UK personal tax.

Relief for business trading losses, pension contributions and certain other payments for the purposes of calculating UK personal tax credits.


See also