Tax Lot

Business, Legal & Accounting Glossary

Definition: Tax Lot


Tax Lot

Quick Summary of Tax Lot


A record of all transactions and their tax implications involving a particular security in a portfolio. Recording the taxable purchase date provides the holder with the option of specifying exactly which shares to sell at a later date in order to reap tax advantages.




Cite Term


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Page URL
https://payrollheaven.com/define/tax-lot/
Modern Language Association (MLA):
Tax Lot. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/tax-lot/.
Chicago Manual of Style (CMS):
Tax Lot. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/tax-lot/ (accessed: April 23, 2024).
American Psychological Association (APA):
Tax Lot. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/tax-lot/

Definition Sources


Definitions for Tax Lot are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th November, 2021 | 0 Views.