ACB

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ACB

1. Abbr. for asbestos-cement board.
References in periodicals archive ?
In general, rollover provisions allow property to be disposed of for proceeds of disposition equal to the adjusted cost base of the property and acquired by the transferee for an amount equal to the proceeds of disposition (adjusted cost base).
The sale price can be set anywhere between your adjusted cost base and the budget day value.
00 distribution will reduce the adjusted cost base of each Unit for income tax purposes and the taxable income, when it is known and calculated at the end of the year, will increase the adjusted cost base of each Unit for income tax purposes.
1(2), when the owner of the life estate dies, that person is deemed to have disposed of the life estate immediately for proceeds equal to the cost base (presumably this would remain the fair market value of the life estate at the time it was initially retained), and the holder of the remainder interest, if the person did not deal at arm's length with the holder of the life estate, may add the cost base of the real property, the lesser of the cost base of the life estate in the property immediately before the death of the transferor, and the amount by which the fair market value of the real property exceeds the adjusted cost base of the remainder interest immediately before death.
Investors then remain partners in a portfolio of smaller Canadian resource companies, and their adjusted cost base will usually be low or nil.
It also ensures that various adjustments to the adjusted cost base of a partner's partnership interest are made.

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