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.

Cite Term

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Page URL
Modern Language Association (MLA):
Tax Break. Payroll & Accounting Heaven Ltd. November 12, 2019
Chicago Manual of Style (CMS):
Tax Break. Payroll & Accounting Heaven Ltd. (accessed: November 12, 2019).
American Psychological Association (APA):
Tax Break. Retrieved November 12, 2019, from website:

Definition Sources

Definitions for Tax Break are sourced/syndicated from:

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