- taxable property
- Property which is liable to taxation; property which is not exempt from taxation.
Ballentine's law dictionary. Anderson, W.S.. 1998.
taxable property
Look at other dictionaries:
property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest … Law dictionary
property — I (New American Roget s College Thesaurus) n. quality, characteristic; ownership; possession, real estate, land; (pl.) props, stage settings, stage furniture. See drama, qualification. II (Roget s IV) n. 1. [Possession] Syn. belongings, lands,… … English dictionary for students
property tax — noun An (usually) ad valorem tax charged on the basis of the fair market value of property. The scope of taxable property varies by jurisdiction and it may include personal property in addition to real estate. Syn: personal property tax, rates,… … Wiktionary
taxable — tax·able / tak sə bəl/ adj 1: subject to being taxed: making one liable to taxation a taxable amount a taxable event 2: that may be properly charged by the court against the plaintiff or defendant in a suit taxable costs 3: used as … Law dictionary
taxable termination — n: a generation skipping transfer of property held in trust that is subject to a generation skipping transfer tax payable by the trustee when an interest in the property terminates (as at the death of the parent of a skip person), no interest is… … Law dictionary
taxable situs — The location where charges may be levied upon personal property by a government, pursuant to provisions of its tax laws. Dictionary from West s Encyclopedia of American Law. 2005. taxable situs … Law dictionary
taxable distribution — n: a generation skipping transfer of property held in trust that is subject to a generation skipping transfer tax payable by a skip person when he or she receives a distribution of income or principal compare direct skip, taxable termination… … Law dictionary
taxable gain — UK US noun [C] FINANCE, TAX ► a profit made from selling property, shares, etc., on which you have to pay tax: »Businesses can deduct losses made in previous years to reduce their taxable gains when they go into profit … Financial and business terms
Property tax — Taxation An aspect of fiscal policy … Wikipedia
Taxable Gain — A profit on the sale of an asset that is subject to taxation. Such gains are subject to capital gains tax, under which rate and application differ from country to country and from asset to asset. Taxable gains are generally realized from the sale … Investment dictionary
