That is exempt from payment of income tax.

Having tax due only at a later time; having the tax duty deferred.

Exempt from paying tax; not subject to taxation.

Of money or other assets: protected by a tax shelter.

plural of tax shelter

(economics, finance) A legal structure that reduces tax liability for a person or that person's assets.

(law) A transaction fee (often relatively small in relation to the value of property) imposed on the transfer of title to property.

The assessed value of an asset from which the tax owing is computed.

A tax determined as a uniform, fixed amount per individual; a poll tax.

A tax based on the value of the property of a deceased person, and charged on the personal representatives of the deceased.