Opportunity for tax rebate is a present help (4,3)
I believe the answer is:
gift aid
'opportunity for tax rebate' is the definition.
(charities can get a tax rebate with gift aid)
'present help' is the wordplay.
'present' becomes 'gift' (synonyms).
'help' becomes 'aid' (synonyms).
'gift'+'aid'='GIFT AID'
'is a' acts as a link.
I've seen this clue in The Guardian.
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