alternate valuation date
alternate valuation date 替代估价日 为征收遗产税对死者财产进行估价的日期，该日期并非死者的死亡之日，而是从死者死亡之日或对财产处置之日起6个月，以先到者为准。通常由遗产管理人或执行人选择是适用死者死亡之日还是替代估价日。
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Search Results for: ALTERNATE VALUATION DATE
alternate valuation date
alternate valuation date. Tax law. The date six months after a decedent’s death. • Generally, the estate can elect to appraise the decedent’s property either as of the date of the decedent’s death or as of the alternate valuation date. See BASIS. [Cases: Internal Revenue 4184.20; Taxation 895(4). C.J.S. Taxation §§ 1902–1903.]
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alternate valuation method
alternate valuation method 替代估价日法(→alternate valuation date)
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basis
basis. 1. A fundamental principle; an underlying condition. 2. Tax. The value assigned to a taxpayer’s investment in property and used primarily for computing gain or loss from a transfer of the property. • When the assigned value represents the cost of acquiring the property, it is also called cost basis. — Also termed tax
stepped up basis
The basis of property transferred by inheritance. • Stepped-up basis equals the fair market value of property on the date of the decedent’s death (or on the alternate valuation date). [Cases: Internal Revenue 3205. C.J.S. Internal Revenue § 116.]