nachversteuert

English translation: subject to subsequent taxation

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:nachversteuert
English translation:subject to subsequent taxation
Entered by: Howard Corlett (X)

09:31 May 25, 2005
German to English translations [PRO]
Bus/Financial - Law: Taxation & Customs / Property ownership
German term or phrase: nachversteuert
Das englische Steuerrecht sieht anlässlich einer Veräußerung von Wirtschaftsgütern vor, dass zuvor geltend gemachte Abschreibungen ("capital allowances") auf Geschäftseinrichtungen rückgängig gemacht, d.h. nachversteuert werden.

Report on the ownership of property in the UK
Howard Corlett (X)
United Kingdom
Local time: 01:56
subsequent taxation
Explanation:
subject to subsequent taxation
Selected response from:

Monika Leit
Local time: 02:56
Grading comment
I have opted for this answer as it is in line with my interpretation. Thanks to everyone for the suggestions.
4 KudoZ points were awarded for this answer



Summary of answers provided
5subsequent taxation
Monika Leit
4 +1subject to tax (at that time)
Kieran McCann
4subject to additional assessment
silfilla


  

Answers


1 min   confidence: Answerer confidence 4/5Answerer confidence 4/5
subject to additional assessment


Explanation:
;-)

silfilla
Local time: 20:56
Specializes in field
PRO pts in category: 20
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32 mins   confidence: Answerer confidence 5/5
subsequent taxation


Explanation:
subject to subsequent taxation


    Pons Fachw�rterbuch, Banken, Finanzen,
Monika Leit
Local time: 02:56
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 12
Grading comment
I have opted for this answer as it is in line with my interpretation. Thanks to everyone for the suggestions.
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
subject to tax (at that time)


Explanation:
"In the event of a disposal of business assets, English tax law provides that depreciation of equipment and fittings previously allowed for tax purposes ("capital allowances") is reversed ie is subject to tax at that time."

This is a rather long-winded way of saying that the profit on disposal to be taxed is calculated using the written-down value for tax purposes and not accounting or original cost






Kieran McCann
United Kingdom
Local time: 01:56
Works in field
Native speaker of: English
PRO pts in category: 70

Peer comments on this answer (and responses from the answerer)
agree  Raghunathan Rajagopalan: yes - it appears
15 hrs
  -> thank you
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