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.


See also