Tax Break

Business, Legal & Accounting Glossary

Definition: Tax Break


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


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March 29, 2024 https://payrollheaven.com/define/tax-break/.
Chicago Manual of Style (CMS):
Tax Break. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/tax-break/ (accessed: March 29, 2024).
American Psychological Association (APA):
Tax Break. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/tax-break/

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 | 0 Views.