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exemption Definition

ex·emp·tion (eg zemp′s̸hən, ig-)

noun

  1. an exempting or being exempted; freedom or release from a liability, obligation, etc.; immunity
    1. the exempting from an individual's taxable income of a specified sum for the taxpayer and each dependent
    2. the sum specified
    3. any such dependent

Etymology: ME exempcioun < OFr exemption < L exemptio

exemption Synonyms

exemption

n.

exception, immunity, impunity, privilege, exception, exclusion, release, dispensation; see also exception 1, 2, freedom 2.

exemption implies release from some obligation or legal requirement, esp. where others are not so released exemption from military service; immunity implies freedom from or protection against something disagreeable or menacing to which all or many are liable granted immunity from prosecution; impunity specifically implies escape or freedom from punishment to commit a crime with impunity

exemption Law Definition

n

The state of not being subject to a responsibility held by others; in taxes, an amount subtracted from gross income to determine taxable income.

exemption Usage Examples

Preposition: from

prohibition: The Director has therefore decided to grant the Agreement an exemption from the prohibition in Article 81 of the EC Treaty.

Converse of object

  • cite: In refusing to provide the information the Cabinet Office cited Exemptions 2, 7, 9 and 12 of the Code.
  • waive: Charities are not able to waive exemption where the letting is to another charity that will use the building for non-business purposes.
  • grant: All exemptions granted by the Regulator under section 20 of the Act are entered in the Regulator's public register.
  • confer: Where a provision confers absolute exemption, the public interest in disclosure need not be considered.

Adjective modifier

  • ecclesiastical: As the new year starts we learn of a further review of the Ecclesiastical Exemption in planning.
  • non-absolute: This means that before the Council considers using a Non-absolute exemption then they must carry out test.
  • partial: Further information on partial exemption methods can be found in VAT Notice 706: Partial exemption.
  • absolute: The effect of the various exemptions is set out in Section 2. Some confer an " absolute exemption " .
  • qualified: NB: ALL Qualified Exemptions are subject to a Public Interest Test.
  • conditional: In certain circumstances, woodlands may also qualify for the conditional exemption for national heritage property.

Modifies a noun

  • certificate: Once approved, an exemption certificate is issued to clients.
  • clause: Any advertiser who claims to be exempt must submit, in writing, the reason why and exemption clause number.
  • threshold: If such an exemption threshold were to be set, what level do you consider is appropriate?

Noun used with modifier

  • VAT: Please click here to read more about VAT exemption.
  • IHT: In addition, there are annual gift exemptions and regular gifts can be made which can also earn IHT exemption.
  • spouse: If the trust is in favor of the surviving spouse, the spouse exemption will still apply.
  • blanket: The Act does not give blanket exemption from all data protection principles for data provided and/or used for research purposes.
  • tax: There will still be a tax exemption on the first $ 7,500 earned by employees.
  • audit: What should be considered if you have a company which potentially qualifies for audit exemption?