shelter
verb [ T ]
TAX uk/ˈʃeltər/ us US
if you shelter income, you find a legal way to avoid paying tax on it:
shelter savings/assets
shelter sth from sb/sth The company needs to act now to shelter its assets from the taxman.
shelter
noun [ C or U ]
TAX uk/ˈʃeltər/ usa way to legally avoid paying tax:
shelter from sth These investments continue to offer shelter from capital gains tax.
See also
tax shelter