Legal Dictionary

Search results for: “exemption from tax”

  • Tax Exemption

    Concept of Tax Exemption in the context of Real Property A short definition of Tax Exemption: Freedom from payment of property or other taxes, granted to religious, educational, and similar organizations. Partial property tax exemptions are granted in some states to individuals, such as […]

  • Veteran’s Tax Exemption

    Concept of Veteran’s Tax Exemption in the context of Real Property A short definition of Veteran’s Tax Exemption: A state exemption for property taxes granted qualified veterans or their widows. Not in every state.

  • Veteran’s Tax Exemption

    Concept of Veteran’s Tax Exemption in the context of Real Property A short definition of Veteran’s Tax Exemption: A state exemption for property taxes granted qualified veterans or their widows. Not in every state.

  • Industrial Tax Exemption

    Concept of Industrial Tax Exemption in the context of Real Property A short definition of Industrial Tax Exemption: An exemption from local property taxes granted to encourage industries to come into an area. Has been used successfully in the South. Usually granted for a definite period.

  • Veteran’s Tax Exemption

    Concept of Veteran’s Tax Exemption in the context of Real Property A short definition of Veteran’s Tax Exemption: A state exemption for property taxes granted qualified veterans or their widows. Not in every state.

  • Tax Exemptions

    United States Tax Concept of Tax Exemptions An amount of income, indexed for inflation, on which you don’t have to pay income tax. Every taxpayer receives at least one personal exemption.

  • Taxable Income

    All income classified as earned income within the meaning of Section 911 of the Internal Revenue Code of 1954 (26 U.S.C.S. §911) is taxable. Income is the excess of incoming receipts over outgoing expenditures. See United States v Basye, 410 U.S. 441, 93 S. Ct. 1080.

  • Capital Gains Tax

    English Legal System: Capital Gains TaxIn the context of the English law, A Dictionary of Law provides the following legal concept of Capital Gains Tax : A tax charged on gains arising from the disposal of assets. The tax due is a proportion of the chargeable gain, which in general terms is the […]

  • Tax Relief

    Reducción impositiva…

  • Tax-free Allowance

    Hierarchical Display of Tax-free allowance Finance > Taxation > Fiscal policy > Tax reliefTrade > Tariff policy > Tariff policy > Exemption from customs duties Meaning of Tax-free allowance Overview and more information about Tax-free allowance For a more comprehensive understanding of […]

  • Tax-free Allowance

    Hierarchical Display of Tax-free allowance Finance > Taxation > Fiscal policy > Tax reliefTrade > Tariff policy > Tariff policy > Exemption from customs duties Meaning of Tax-free allowance Overview and more information about Tax-free allowance For a more comprehensive understanding of […]

  • Exemption From Customs Duties

    Hierarchical Display of Exemption from customs duties Trade > Tariff policy > Tariff policyTrade > Tariff policy > Customs regulations > Customs document > Movement certificateFinance > Taxation > Fiscal policy > Tax relief > Tax-free allowance Meaning of Exemption from customs duties […]

  • Generation-skipping Transfer Tax

    Generation-skipping Transfer Tax

    What is Generation-skipping Transfer Tax? A definition of generation-skipping transfer tax is: The 1986 Tax Reform Act, in the United States, imposes a generation-skipping transfer tax on (1) transfers under trusts (or similar arrangements) having beneficiaries in more than one generation […]

  • Dependency Exemption

    United States Tax Concept of Dependency Exemption An exemption you claim for a dependent. Extra exemptions are allowed for each qualifying dependent. The exemptions are phased out for certain high income individuals.

  • Exemption

    Immunity; freedom from any charge, duty, burden, or liability. Generally used for exemption from process, which ; is a right given by law to a debtor to retain certain property free from execution, attachment, or other process. The property exempt from execution. …