after-tax proceeds from resale(redirected from Aftertax Proceeds from Re-Sale)
After-Tax Proceeds from Resale
When one sells an asset, the profit on that sale after any applicable taxes on it are paid. For example, if one sells a house for a $100,000 profit (after paying off the remaining mortgage and making realtor fees and so forth) but owes $25,000 in taxes from the sale, the after-tax proceeds from resale are only $75,000. The amount of the after-tax proceeds from re-sale may vary on the same investment depending on whether one owes income tax or capital gains tax.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
after-tax proceeds from resaleThe amount of money left for the investor upon a sale after deducting all sale costs and taxes.This is the money available for reinvestment in another property.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.