Tax Break

Business, Legal & Accounting Glossary

Definition: Tax Break

Quick Summary of Tax Break

A Tax break is a tax concession or advantage permitted by the government.

What is the dictionary definition of Tax Break?

Dictionary Definition

A tax break is a tax advantage given for a particular activity.

Examples of Tax Break in a sentence

The market started performing well simply as a result of a simple tax break.
Partners in equity firms often benefit from a tax break on their earnings.
You may receive a tax break on capital gains when you sell.
Several groups joined forces to persuade voters to approve an industry wide tax break.
Less than a decade ago, no Tory minister would have dared to threaten the tax break on mortgage interest.
Any advantage that a tax break can achieve, a subsidy is often able to accomplish just as easily.
The effects of a tax break for defence manufacturers may lead to greater militarisation.

Synonyms For Tax Break

tax benefit, tax concession, tax relief, tax cuts, tax reduction

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Tax Break. Payroll & Accounting Heaven Ltd. September 25, 2020
Chicago Manual of Style (CMS):
Tax Break. Payroll & Accounting Heaven Ltd. (accessed: September 25, 2020).
American Psychological Association (APA):
Tax Break. Retrieved September 25, 2020, from website:

Definition Sources

Definitions for Tax Break are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th January, 2020 | 1 Views.