GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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09:31 May 25, 2005 |
German to English translations [PRO] Bus/Financial - Law: Taxation & Customs / Property ownership | |||||||
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| Selected response from: Monika Leit Local time: 02:56 | ||||||
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Summary of answers provided | ||||
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5 | subsequent taxation |
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4 +1 | subject to tax (at that time) |
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4 | subject to additional assessment |
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subject to additional assessment Explanation: ;-) |
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subsequent taxation Explanation: subject to subsequent taxation Pons Fachw�rterbuch, Banken, Finanzen, |
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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 |
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