step up

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The ultrarich can use structures such as dynasty trusts to shield their assets from estate taxes for generations, while the step-up provision adjusts the cost basis of an inherited asset to its fair market value.

From The Wall Street Journal

In Washington state, community property with right of survivorship avoids probate and has a step-up in basis.

From MarketWatch

“As we had promised, organic top-line growth accelerated quarter after quarter, boosted by the step-up in our launch plan and supported by a gradually improving beauty market,” Hieronimus said.

From The Wall Street Journal

Some caveats: If the home is sold at the first spouse’s death, only the deceased spouse’s 50% typically receives a capital-gains step-up in tax, while the surviving spouse’s half keeps its original cost basis.

From MarketWatch

“This is reflected in a marked step-up in their medium-term capacity plans and in our record order intake.”

From The Wall Street Journal