AFR. See Applicable federal interest rate
Aggregate grossed-up basis (AGUB), 66
AGUB. See Aggregate grossed-up basis
Applicable federal interest rate (AFR), 12–13
Asset valuations
appraisal value of, 5–6
Class IIIA, 6
contingent amounts, 7
cost classifications, 7
cost of tangible vs. intangible assets, 8
cost recovery period, 3
expected future cash flows, 2
intangible assets (see Intangible assets)
seven classes of assets scheme, 2–3
tangible assets, 1
tax benefits as a proportion of cost, 3–4
tax lives, 1
Business investigation expense
employee training costs, 84
expansion of an existing business, 86–87
investigatory costs, 83–86, 84–85
start-up costs, 84
tax rules for, 84
trade or business expenses, 84
Code, tax, 21, 35, 38, 62
Get The Tax Aspects of Acquiring a Business now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
