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adjusted basis

   Also found in: Financial, Wikipedia 0.01 sec.

adjusted basis n. in accounting, the original cost of an asset adjusted for costs of improvements, depreciation, damage and other events which may have affected its value during the period of ownership. This is important in calculating capital gains for income tax purposes since the adjusted basis is higher than the original price and will lower capital gains taxes. (See: basis, income tax)
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Where the unpaid indebtedness is recourse, the foreclosure, or short sale, transaction is split into two parts: CODI equal to the outstanding principal amount of debt owed minus the fair market value of the property; and gain or loss equal to the fair market value of the property, minus its adjusted basis [Treas.
Taxing times: rental property foreclosures and short sales by Fogel, David M. / California CPA
Around 76,000 residential properties were sold for at least pounds 40,000 last month on a seasonally adjusted basis - up from 65,000 in June and the highest figure since May 2008, according to HM Revenue and Customs.
17% rise in house buying by Huddersfield Daily Examiner (Huddersfield, England)
On the positive side, industry data suggests that on an adjusted basis, German auto sector output rose about 6 percent month on month in April (after a gain of 22 percent month on month in March) and will rise about 15 percent month on month again in May (road vehicles have a 10 percent weight).
The recent surge in Japanese industrial output in April, combined ... by The Baltic Times (Riga, Latvia)
 
 
 
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