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Definition of tax allowance in English: tax allowancenoun A sum to be deducted from gross income in the calculation of taxable income. Example sentencesExamples - Meanwhile, the government has been attempting to appease the protestors by extending its proposed tax allowance on fuel and is also preparing to help pensioners with their heating oil bills.
- Those who spend long periods working abroad should also take advantage of a special tax allowance for overseas income.
- It is little wonder the Conservatives have proposed, among alternative pension reforms, a catch-all rise in the tax allowance given to elderly people.
- The personal tax allowance which determines the income tax-paying threshold thus also provides a practical definition of such an official poverty line.
- There is no point getting a large tax allowance if you do not have the income to use it.
Definition of tax allowance in US English: tax allowancenoun A sum to be deducted from gross income in the calculation of taxable income. Example sentencesExamples - The personal tax allowance which determines the income tax-paying threshold thus also provides a practical definition of such an official poverty line.
- Meanwhile, the government has been attempting to appease the protestors by extending its proposed tax allowance on fuel and is also preparing to help pensioners with their heating oil bills.
- Those who spend long periods working abroad should also take advantage of a special tax allowance for overseas income.
- It is little wonder the Conservatives have proposed, among alternative pension reforms, a catch-all rise in the tax allowance given to elderly people.
- There is no point getting a large tax allowance if you do not have the income to use it.
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