Tax relief means that you either pay less tax or get tax back or get it paid in another way, like into a personal pension. You get some type of tax reliefs automatically but for some you must claim it with HMRC.
Most common tax reliefs
There are various tax reliefs which can reduce your income or capital gains tax liability. Therefore it is important that you get the right advice to ensure that you claim all those reliefs for which you are entitled.
Following is a list of the most common tax reliefs available to individuals: