noun
Definition 1
A deduction in a taxable amount conceded by the government to individuals and companies in pursuit of its policies on economic development, social justice, etc.
Source: Invertext, from Oxford Dictionary of Finance and Banking
Context: Technology companies would also like to see an extension of the government's Enterprise Investment Scheme, which gives tax relief to investors in start-up companies.
Source: Financial Times 15/03/2010 (Maija Palmer, Technology Correspondent)