non-taxable

non-taxable
/nɒn 'tæksəb(ə)l/ adjective
which is not subject to tax
non-taxable income
Lottery prizes are non-taxable.

Dictionary of banking and finance. 2015.

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  • non-taxable — UK US adjective ► ACCOUNTING, TAX used to describe income, an asset, etc. on which you do not have to pay tax: »Profits from exports are non taxable for up to six years. »non taxable income …   Financial and business terms

  • non-taxable — /nɒn ˈtæksəbəl/ (say non taksuhbuhl) adjective not taxable …  

  • non-taxable income — Income that is specifically exempt from tax. Examples of such income include: • income received under a maintenance agreement or court order in cases of divorce or separation; • income from National Savings Easy Access Savings Accounts; • income… …   Accounting dictionary

  • non-taxable income — Income that is specifically exempt from tax. Examples of such income include: • income received under a maintenance agreement or court order in cases of divorce or separation; • income from National Savings Easy Access Savings Accounts; • income… …   Big dictionary of business and management

  • taxable income — Income liable to taxation. It is calculated by deducting income tax allowances and any other tax deductible expenses from the taxpayer s gross income. See: non taxable income …   Accounting dictionary

  • taxable income — Income liable to taxation. It is calculated by deducting income tax allowances and any tax deductible expenses from the taxpayer s gross income. Compare non taxable income See also total income …   Big dictionary of business and management

  • Non-qualified stock option — Non qualified stock options are stock options which do not qualify for the special treatment accorded to incentive stock options. Incentive stock options are only available for employees and other restrictions apply for them. For regular tax… …   Wikipedia

  • Taxable Municipal Bond — A fixed income security issued by a local government such as a city or county or related agencies, the income from which is not exempt from tax. Taxable municipal bonds are generally issued to finance a project or activity that does not provide a …   Investment dictionary

  • Non-Accountable Plan — A system under which a business provides payments to its employees to cover business expenses incurred for meals, travel, transportation, or entertainment, but under which the employee does not have to substantiate the expenses or return advance… …   Investment dictionary

  • Non-stock corporation — A non stock corporation is a corporation that does not have owners represented by shares of stock. [1] That type of corporation is called a stock corporation. Instead, a non stock corporation typically has members, who are the functional… …   Wikipedia

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