Adjusted Tax Basis definition

Adjusted Tax Basis means the adjusted tax basis of property for Federal income tax accounting purposes.
View Source
Adjusted Tax Basis means, with respect to any Applicable Asset at any time, the Tax basis that such Applicable Asset has with respect to Parent, at such time, as a result of the Basis Adjustment with respect to such Applicable Asset.
View Source
Adjusted Tax Basis means, with respect to (i) any item of property of the Company or (ii) any Membership Interest (or portion thereof), the adjusted basis thereof for determining gain or loss within the meaning of Section 1011 of the Code.
View Source

Examples of Adjusted Tax Basis in a sentence

  • In the event the Gross Asset Value of any Company asset is adjusted pursuant to the definition of Gross Asset Value, subsequent allocations of income, gain, loss, and deduction with respect to such asset will, solely for federal income tax purposes, take account of any variation between the Adjusted Tax Basis of such asset and its Gross Asset Value in the same manner as under Code Section 704(c) and the Treasury Regulations under that section.

  • The Partnership's tax basis in Pelican Sound as of December 31, 1995 is as follows: Land Furniture Building Improvements and Equipment Cost $7,695,400 $ 673,928 $ 966,214 Accumulated Depreciation (594,467) ( 93,601) (453,163) Adjusted Tax Basis $7,100,933 $ 580,327 $ 513,051 The Partnership's property is being depreciated using MACRS straightline over 27.5 years, and the furniture and equipment is being depreciated using MACRS 200% declining balance over 7 years.

  • The Partnership's tax basis in the Meadows II as of Decemb▇▇ ▇▇, 1995 is as follows: Building Furniture and Equipment Cost $8,590,349 $673,599 Accumulated Depreciation (2,173,585) (538,933) Adjusted Tax Basis $6,416,764 $134,666 The Partnership's property is being depreciated using MACRS straightline over 27.5 years, and the furniture and equipment is being depreciated using MACRS 200% declining balance over 7 years.

  • The Partnership's tax basis in Town Place as of December 31, 1995 is as follows: Building Furniture and Equipment Cost $4,133,018 $545,547 Accumulated Depreciation (882,963) (405,401) Adjusted Tax Basis $3,250,055 $140,146 The Partnership's property is being depreciated using MACRS straightline over 27.5 years, and the furniture and equipment is being depreciated using MACRS 200% declining balance over 7 years.

  • The Parent, the Company and the applicable Member acknowledge that as a result of an Exchange (unless otherwise required by applicable law) the Parent’s proportional share of the Company’s Tax basis in any Applicable Assets shall be increased by the excess, if any, of the Adjusted Tax Basis over the Original Tax Basis.

  • The Book Value of an item of Company property shall be increased or decreased, as the case may be, to equal its Adjusted Tax Basis whenever an adjustment to the Adjusted Tax Basis of such item of Company property arises under IRC Sections 732(d), 734 or 743 and such adjustment exceeds the difference between the Book Value of such item of Company property and its Adjusted Tax Basis prior to making such adjustment.

  • The Parent and PDC acknowledge that as a result of an Exchange (unless otherwise required by applicable law) Parent’s proportional share of the Company’s Tax basis in any Applicable Assets shall be increased by the excess, if any, of the Adjusted Tax Basis over the Original Tax Basis.

  • For purposes of this Section 5.4, the term “Excess Real Property Taxes” shall mean the amount by which the Tax Expenses payable under this Lease during the Protection Period without regard to this Section 5.4 following an Adjustment Event exceeds the Tax Expenses that would have been payable if the Building were assessed using the Adjusted Tax Basis during the Protection Period.

  • For purposes of this Section 5.4, the term “Adjusted Tax Basis” shall mean an amount equal to the Tax Expenses (as defined in Paragraph 5.1(d) above) grossed up to reflect a fully completed, fully occupied Building with all tenants paying full rent, which amount shall be increased annually, on each Adjustment Date (as defined in Section 4.2 above), by two percent (2%) of the Adjusted Tax Basis in effect immediately prior to the date of such increase.

  • The Book Value of an item of Partnership property shall be increased or decreased, as the case may be, to equal its Adjusted Tax Basis whenever an adjustment to the Adjusted Tax Basis of such item of Partnership property arises under I.R.C. Sections 732(d), 734 or 743 and such adjustment exceeds the difference between the Book Value of such item of Partnership property and its Adjusted Tax Basis prior to making such adjustment.


More Definitions of Adjusted Tax Basis

Adjusted Tax Basis means an amount equal to the Tax Expenses (as defined in Paragraph 5.1(d) above) grossed up to reflect a fully completed, fully occupied Building with all tenants paying full rent, which amount shall be increased annually, on each Adjustment Date (as defined in Section 4.2 above), by two percent (2%) of the Adjusted Tax Basis in effect immediately prior to the date of such increase.
View Source
Adjusted Tax Basis means, with respect to any Company asset at a particular date (a) the cost or other basis of such asset for federal income tax purposes, reduced by (b) accumulated Tax Depreciation with respect to such asset as of that date, and, to the extent appropriate, as adjusted to take into account any special basis adjustment as defined in Section 1.34.
View Source

Related to Adjusted Tax Basis

  • Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Consolidated Taxes means, with respect to any Person for any period, the provision for taxes based on income, profits or capital, including, without limitation, state, franchise, property and similar taxes, foreign withholding taxes (including penalties and interest related to such taxes or arising from tax examinations) and any Tax Distributions taken into account in calculating Consolidated Net Income.

  • After-Tax Basis means that indemnity and compensation payments required to be made on such basis will be supplemented by the Person paying the base amount by that amount which, when added to such base amount, and after deduction of all Federal, state, local and foreign Taxes required to be paid by or on behalf of the payee with respect of the receipt or realization of the base amount and any such supplemental amounts, and after consideration of any current tax savings of such payee resulting by way of any deduction, credit or other tax benefit actually and currently realized that is attributable to such base amount or Tax, shall net such payee the full amount of such base amount.

  • Net After-Tax Basis means, with respect to the Payments, either with or without reduction under subsection (a) (as applicable), the amount that would be retained by the Executive from such Payments after the payment of all Taxes.