step-up in basis
C1CEFR level
88/100Rarity: very rare
TechnicalRegister
The resetting of an inherited asset's tax cost to its market value at death, erasing the accrued gain.
The heirs sold immediately, and the step-up in basis wiped out decades of appreciation.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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