|
|
Tax exempt income |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Tax exempt incomeDividends and interest not subject to federal and, in some cases, state and local income taxes.Tax exempt income Similar MatchesIndustrial Tax ExemptionIndustrial Tax ExemptionAn 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. Tax exempt bondTax exempt bondA bond usually issued by municipal, county, or state governments whose interest payments are not subject to federal and, in some cases, state and local income tax. Short term tax exemptsShort term tax exemptsShort-term securities issued by states, municipalities, and quesi-government entities such as local housing and urban renewal agencies. Tax exempt sectorTax exempt sectorThe municipal bond market where state and local governments raise funds. Bonds issued in this sector are exempt from federal income taxes. Annual exemptionAnnual exemptionEach taxpaying individual in the UK is entitled to an annual exemption of £7,900 on capital gains for the current tax year. This means that they can make this level of gains (on for instance share sales) without paying capital gains tax.For exemptions relating to inheritance tax, see 'inheritance tax'. Further SuggestionsTax exempt securityTax exempt income fund Exempt securities Tax exempt money market fund Exemption Personal exemption potentially exempt transfer Triple tax exempt Small issues exemption exemption personal exemption Short exempt Tax Exempt Special Savings Account |
|
|
|