Exemption refers to the legal protection or immunity from certain obligations, requirements, or liabilities that would otherwise apply to an individual or entity. It grants freedom or relief from specific duties or responsibilities. Exemptions can vary widely depending on the context and jurisdiction. Common examples include tax exemptions, where certain income or transactions are not subject to taxation, and exemptions from jury duty or military service based on specific criteria such as age, occupation, or health status. Exemptions can also apply in bankruptcy proceedings, where certain property may be exempt from liquidation to satisfy creditors. Overall, exemptions provide individuals or entities with exceptions or privileges under the law.
- in income taxation, a credit given for each dependent, blindness or other disability, and age over 65, which result in a downward calculation in tax levels. These are not to be confused with deductions, which reduce gross income upon which taxes are paid.
- a right to be excluded from, such as not being subject to attachment of one's wages if one is in a low-income bracket, or not being subject to the military draft if one is employed in essential industry, has several children or is a college student.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/exemption/
- Modern Language Association (MLA):Exemption. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/exemption/.
- Chicago Manual of Style (CMS):Exemption. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/exemption/ (accessed: May 09 2024).
- American Psychological Association (APA):Exemption. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/exemption/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts