How to use tax-free in a sentence

Looking for sentences and phrases with the word tax-free? Here are some examples.

Sentence Examples Foreign traders save money because the goods are tax-free while in the zones. Once your income exceeds this tax-free figure, a series of tax bands then comes into play. No credible accountant would recommend clients to buy shares in stallions to reap tax-free income. But you can take only 25 per cent as a tax-free lump sum and the rest has to be taken as pension. The first tax-free savings certificates appeared during the First World War to raise fighting funds. They will be able to accumulate significant tax-free incomes by doing so and help the economy. Roseman took advantage of the tax-free growth in a registered education savings plan. That income would be tax-free, as part of a package of introducing a suite of eco-taxes. The cash is tax-free, risk-free and there are no obligations other than following through your idea. They can then draw down an annual tax-free forestry premium for twenty years. One of the most attractive elements of the Bahamas is the tax-free status accorded to income. Elan benefits from a tax-free patent income scheme which allows it to retain earnings. When the city was declared a tax-free zone, there were equally high expectations. If this money could be passed on to relatives tax-free, it would find its way back into the economy and benefit everyone. Investing through an individual savings account ensures that any profits and divis you earn will be tax-free. In return for loaning the Government money, you are rewarded by receiving your interest tax-free. It's tax-free and is not means-tested but is based on the level of care you need and whether it is day-time or night-time care, or both. Republicans would like to see income limits removed for IRAs, 401 s, and especially Roth IRAs, whose withdrawals are tax-free. I've subsequently put this money into tax-free savings accounts and earned some interest. The same situation happened previously in the case of the tax-free shops at airports. Show More Sentences This registered account, with tax-free investment income and withdrawals, is an additional tool for saving and reducing your tax bill. People who want to set money aside for various projects but still have the flexibility of making tax-free withdrawals at any time. If not, to what does the Commission attribute the loss of jobs in the tax-free shops sector? Since withdrawals from such plans are fully taxed, you might wind up converting tax-free dividends into taxable income. These are tax-free savings plans sold by The Children's Mutual, which is a friendly society. But while Peps allowed you to invest in equities and Tessas in tax-free deposits, with an Isa you can do both, up to a point. Supporters of making dividends tax-free like to paint critics as promoters of class warfare. As a firm believer in the stock market as the best way to generate wealth, I don't keep a lot of money on deposit, except some tax-free savings. It provides tax-free investment growth but applies an exit tax of standard rate, plus 3 per cent on any gain realised on encashment. When your personal investment is no longer required to finance the business, you can withdraw your shareholder loans tax-free from your company. Contributions to a TFSA are not tax-deductible, but your investment will grow tax-free. Employees are asked to pay the total cost of the premiums in order to receive a tax-free payment should they be unable to work. Because, whatever the history, Amazon's competitive advantage no longer derives from its tax-free status. The savings plans are supposed to be tax-free, yet your heirs will still face death duties. Don't close your existing account and open a new one, or you'll lose your tax-free status! In 2007 tax concessions for commuters will be slashed and the tax-free allowance for both married and single persons will be cut. Once the corporate tax is paid, dividends received by individuals are tax-free. When you take your tax-free lump sum you usually have to buy an annuity with the rest of your fund. A reverse mortgage allows senior citizens to earn tax-free income by tapping the equity in their homes. In the case of most corporate pension plans, members can commute part of their pension for a lump sum, which may well be tax-free. Show More Sentences You can remove these contributions from the plan tax-free before rolling the money over, although other penalties could apply. If you have a traditional individual retirement account, consider converting to a Roth IRA, where withdrawals are tax-free after you retire. Should you take a tax-free lump sum or use all the pension fund to buy an annuity? The savings for your employee are tax-deductible and earnings are tax-free. You can make other tax-free gifts, called potentially exempt transfers, and they will be free from IHT if you survive another seven years. You can have up to a quarter of the money as a tax-free lump sum. In future, company employees will be only allowed one tax-free mobile. A tax code is a way of dividing this tax-free income over the whole year. Two common repayment vehicles are tax-free share ISAs and personal pensions. Tourist drawcards include wholesome food, beautiful scenery, golf, tax-free shopping and bush walks. The capital gains made from the investment are likely to remain tax-free as long as they are retained in the scheme. This entitles employees to make regular savings from their pay over the next three or five years and earn a tax-free bonus. The advantage of a qualified annuity is tax-free growth on invested money, and tax is deferred until the money is paid out. A sale of this kind by shareholders who are not required to keep books of account and who are resident in Switzerland normally qualifies as a tax-free capital gain. The tax-free compounding of your investment returns can even help you reach your goals sooner. Everyone in the program would leave with some allowance, a tax-free monthly allotment. Essentially, although tax-free Tessas have been replaced by Individual Savings Accounts, it is still possible to shelter money in accounts already opened. Alternatively, they can opt for a tax-free lump sum of 1.5 times their final pensionable salary and 50 per cent of this salary as a guaranteed income for life. The change in tax treatment of life assurance investment products from the beginning of this year means funds are allowed to grow tax-free until the investor cashes them in. Because if you can deduct interest on a loan, invest the money, and earn tax-free profits, you essentially get a government subsidy for investing. Show More Sentences Investing in a tax-free savings account goes a long way to building your retirement portfolio. The amount of federal tax-free income should be raised to reflect a living wage versus living just above the poverty level. It is a flexible, registered, general purpose account that will allow Canadians to watch their savings grow tax-free. As a business owner it is possible to put part of my company earnings into a tax-free retirement plan for myself. This Convention aims at the duty-and tax-free admission of containers belonging to a Pool. A tax-free payment payable if you have completed the Rehabilitation Program and you are able to work but have not been able to find a job or have a low-paying job. Injured Canadian Forces members and Veterans will have the choice to receive their tax-free Disability Award as a lump-sum payment, as an annual payment, or as a combination of lump-sum and annual payments. Some of them were bought in tax-free or at the distillery. With regard to withholding tax such repayments are generally tax-free. On the basis of the answers to questions 1 to 4, does the Council acknowledge that the number of full-time jobs in tax-free shops in the European Union has fallen? Bucca could have retired at age 32 with a tax-free disability pension. A way of reducing this negative effect, which somewhat blights the quality of the Commission's proposals, would for instance be to make subsidies tax-free. The rules also lay down the amounts allowable as tax-free expenses. Most banks considered that the loss-leader effect of this tax-free product was causing them harm by losing them customers attracted by the Livret bleu, and they wanted to see an end to this monopoly. See the difference tax-free compounding makes with our TFSA Calculator. The after-tax payments can then be used to pay the premiums for a whole life insurance policy, where the death benefit on the policy is paid tax-free and is fully guaranteed. That is, any non-deductible interest that you don't have to pay due to the mortgage repayment is effectively tax-free income earned with a fairly good return on your money. Canadians will be able to withdraw these savings, tax-free, at any time, without penalizing themselves or limiting how much more they can contribute in the future. Special pay, such as re-enlistment bonuses, is also tax-free if the service member re-enlists in a combat zone. Keogh plans allow for tax-free rollovers into IRAs or other qualified retirement plans, but do not have a loan option. Show More Sentences Small and medium businesses are feeling the squeeze as rogue operators carry out tax-free nixers at knock-down prices. Because an exempt life insurance policy's proceeds are paid tax-free to the beneficiary, life insurance can be an efficient way to create an estate and to transfer wealth to later generations. If you're prepared to lock up your money for three or more years, National Savings' tax-free Index-Linked Certificates are well worth considering. A charitable distribution from a regular IRA is preferable, since Roth IRAs already allow tax-free distributions. An additional measure would be a new individual retirement account which would be funded with after-tax money, but where the accumulation of investment income, and ultimate withdrawals upon retirement, would be tax-free. In order to avoid the risk of having capital losses grind down the amount that could be lowed out as a tax-free dividend, consideration could be given to establishing a single-purpose corporation. Public work, which is required by law of all men and women between 15 and 65 years of age, is partly a relic of the society created by the mutineers and partly a necessity born of the basically tax-free economy. Today, I am proposing to allow employees to receive tax-free employer-provided benefits to cover the costs of transit, carpooling and bicycle commuting. Additionally, numerous tax planning questions are received as to how to maximize the tax-free status by categorizing items in order to qualify for either the gift policy or award policy. For example, some breast augmentations should be tax-free even though they were not made necessary by a disfiguring accident. But it is time to deprive drug lords, organized crime and narcostates of the huge, tax-free profits realized from illicit drug use in our society. These buckets include taxable, tax-deferred and tax-free assets. The Transportation Equity Act, or Commuter-Choice Tax Benefits, allows employers to provide tax-free transit, vanpool and parking benefits to employees. The biggest advantage of a Roth IRA is that distributions can be tax-free. Some owners, however, make nondeductible contributions to their IRAs that, if withdrawn, would be considered a tax-free return of nondeductible contributions. Examples from Classical Literature Since the introduction of tax-free manufactured cigars from the Philippines the importation of leaf has declined. Those who have made the trip again and again, sit down in the bar and enjoy the tax-free prices. It is argued that this drives great incomes to evasion by investment in tax-free securities, which is probably true. An attempt is made to represent this after-acquired property as also tax-free. From next spring you will be able to keep existing PEPs going but any new tax-free investment has to go into an Individual Savings Account. Many expats look forward to tax-free bonuses when they move to the UAE with the intention to save and secure their financial future. They are known as a tax-free haven for financial institutions, with thousands of wealthy individuals and corporations storing their money in banks chartered in the Caymans. The COI requirement for tax-free reorganizations is set forth in Regs. Find more words! 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Words that rhyme with tax-free Use our Sentence Generator Nearby Words taxfree tax-exempt tax evasion taxes taxers Taxed taxgatherer taxi taxicab taxicabs taxidermal taxidermic