The action of freeing or state of being free from an obligation or liability imposed on others: vehicles that may qualify for exemption from tax
More example sentences
- I propose to grant full exemption from tax to the income of this Trust.
- Woodland enjoys several tax breaks, including exemption from inheritance tax after two years.
- They cannot claim income tax exemption from the money they earn from doing live concerts.
late Middle English: from Old French, or from Latin exemptio(n-), from eximere 'take out, free'.