exemption
/ɪɡˈzɛmpʃn
/noun [mass noun]
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...
- 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.
Synonyms
immunity, exception, dispensation, indemnity, exclusion, freedom, release, relief, absolution, exoneration;
special treatment, privilege, favouritism;
impunity
informal let-off
rare derogation
Origin
Late Middle English: from Old French, or from Latin exemptio(n-), from eximere 'take out, free'.