Tax Shelter

Business / Real Estate / Tax Shelter: A phrase often used to describe some of the tax advantages of real estate or other investments, such as noncash deductions for cost recovery (depreciation), interest, taxes and postponement or even elimination of certain taxes. The tax shelter not only may offset the investors tax liability relevant to the real estate investment but also may reduce the investors other ordinary income, which reduces overall tax liability.

Other Words for Shelter

Shelter Noun Synonyms: protection, cover, refuge, asylum, sanctuary, haven, safety, security
Shelter Verb Synonyms: cover, covering, concealment, screen, umbrella
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Other Words for Tax

Tax Noun Synonyms: assess, exact, demand, charge, impose or levy a tax (on), tithe
Tax Adjective Synonyms: levy, impost, duty, tariff, assessment, tribute, toll, excise, customs, charge, contribution, scot, tithe, octroi, cess, rate(s), dues
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Tax Free Acquisition

Business / Finance / Tax Free Acquisition: Illegal by reducing tax burden by underreporting income, overstating deductions, or using illegal tax shelters. MORE

Tax Base

Business / Finance / Tax Base: Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters, IRA accounts, and trusts. Compare with tax evasion. MORE

Taxable Acquisition

Business / Finance / Taxable Acquisition: Tax loss carryforwards from previous business losses that form a tax shelter for profits earned in current and future years. MORE

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