The wiki goes on to show examples of how it works when you invest a single sum, covers topics such as using a loss from one tax lot to offset the capital gains from another, donating low basis shares to a charity, and how the stepped-up cost basis works at death.
The plan, which includes both cost reductions and stepped-up investments in new products, addresses a grim outlook for Europe, where vehicle sales have fallen 20 percent since 2007.
The Island Games Association of Mann (IGAM) fund-raising raised some of the cost, but members would have been forced to pay surcharges if the government had not stepped in.