Phrases with «tax basis»

Tax basis refers to the original value or cost of an asset or investment, which is used to calculate the amount of taxable gain or loss when it is sold or disposed of. It serves as a reference point for determining the tax consequences of these transactions. Full definition

Related phrases

tax base

one's tax base
local tax base
shrinking tax base

property tax base
tax free basis
tax deferred basis

to grow on a tax deferred basis

Sentences with «tax basis»

The tax man sets the amount of taxes based on the different notions of income. (humblefi.com)
The components of nominal GDP represent the applicable tax bases for personal and corporate income tax revenues, which represent about 60 % of total federal revenues. (3dpolicy.ca)
Yet, most of these home owners continue to pay property taxes based on that higher value. (realtormag.realtor.org)
(see all sentences)

Phrases with «tax basis»

Related phrases

Sentences with «tax basis»

See also