tax lot
A 'tax lot' is essential for managing tax implications related to securities and real estate transactions.
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Definition
C1Finance
(technical, US)A record of the purchase details of a security, including cost, date, and quantity, used to calculate capital gains or losses.
Example
- By selling an older tax lot, the investor minimized their capital gains tax.
C1Real Estate
(technical, US)A parcel of real property identified for property tax assessment.
Example
- The city levied property taxes based on each tax lot's assessed value.
Similar
Terms that have similar or relatively close meanings to "tax lot":