Define: Tax Break

UK 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.


Full Definition of Tax Break




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.



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Tax Break. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/tax-break/ (accessed: July 16, 2019).
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Tax Break. PayrollHeaven.com. Retrieved July 16, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/tax-break/

Definition Sources


Definitions for Tax Break are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th May 2019.