Meaning of tax lot | Babel Free

Definitions

1. A grouping of security holdings in an account used for enabling the calculation and treatment of the securities for tax compliance and reporting.
   US
2. An parcel of real property on which property taxes are levied.
   US

Examples

“In some countries such as the USA, cost⟳ basis must be considered on a tax lot-by-tax lot basis.”

CEFR level