Taxable Event
/ˈtæk.sə.bəl ɪˌvɛnt/
Definitions
- (n.) An occurrence that triggers a tax liability under law.
The sale of the property was a taxable event that required reporting to the tax authorities.
Forms
- taxable event
- taxable events
Related terms
See also
Commentary
A taxable event is a core concept in tax law, often requiring precise identification and timing to correctly assess tax obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.