basis

The Seagulls have got plenty of firepower and a strong squad so, on that basis, I am going to back them.

"With the budget still not finalised and the basis deduction still unclear, many choose to secure a new car under the current conditions," he added.

If your sister purchases the house, she and your brother’s other heirs would also lose their step-up in basis, a tax break that lets people inherit assets without paying hefty capital-gains tax.

“Denny devised a miniature radio plane, remote-controlled, which became the basis for drones in World War II,” and was used to train fighter pilots, Wanamaker says.

Since 2023, however, labor productivity gains have been pacing at nearly twice that rate on a quarterly basis, and they grew at a 3.3% rate in this year’s second quarter.