Tax Terms
Tax Basis
Definition
What is Tax Basis?
The amount used to calculate taxable gain or loss on disposal.
Example in practice
How This Looks in Practice
Purchase price plus eligible costs forms the tax basis.
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Related Terms
Tax Terms
Withholding Tax
Tax deducted at source from specified income payments before the recipient receives the balance.
Tax TermsCapital Gains Tax
Tax that may apply to gains from disposing of qualifying assets.
Tax TermsTax Authority
A public authority responsible for administering and collecting taxes.
Risk TermsMarket Risk
The possibility of loss because broad market prices or rates move against an investment.