gemeinsame Freistellung

English translation: (tax) joint exemption; (ins.) mutual payment-up of co. pension schemes

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:gemeinsame Freistellung
English translation:(tax) joint exemption; (ins.) mutual payment-up of co. pension schemes
Entered by: Shane London

01:03 Nov 22, 2009
German to English translations [PRO]
Bus/Financial - Law: Taxation & Customs
German term or phrase: gemeinsame Freistellung
KESt-INformation zum 30.09.09

Freistellungsform gemeinsame Freistellung

beantragter Freibetrag in EUR

davon ausgeschöpft in EUR

This is from the capital gains section of a German bank statement for a private person.

Although 'joint exemption" suggests itself as a translation here, I am wondering if 'participation exemption', which I find in relation to German capital gains tax, is the right translation.
Shane London
Australia
Local time: 08:05
(tax) joint exemption; (ins.) mutual payment-up of co. pension schemes
Explanation:
Participation exemption is Denglish and really doesn't work, either in Oz or the UK.

Watch the insurance sense: it doesn't mean an exemption, but a paid-up policy e.g. when a co. goes bust.

Selected response from:

Adrian MM. (X)
Local time: 23:05
Grading comment
Thankyou very much.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1(tax) joint exemption; (ins.) mutual payment-up of co. pension schemes
Adrian MM. (X)
3tax exempted/exemption amount for married couples
YorickJenkins
3 -1full Customs release
makhno


  

Answers


6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
full Customs release


Explanation:
My suggestion


    Reference: http://www.jjb-link.com/services_import.htm
    Reference: http://www.hilpers.org/3749-foot-and-mouth-the-real/2
makhno
Local time: 00:05
Native speaker of: Native in RussianRussian, Native in UkrainianUkrainian

Peer comments on this answer (and responses from the answerer)
disagree  Werner Hehn: There is no reference to "customs" (Zoll in German) in the text provided. "Joint exemption" is best.
41 mins
Login to enter a peer comment (or grade)

9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
(tax) joint exemption; (ins.) mutual payment-up of co. pension schemes


Explanation:
Participation exemption is Denglish and really doesn't work, either in Oz or the UK.

Watch the insurance sense: it doesn't mean an exemption, but a paid-up policy e.g. when a co. goes bust.



Example sentence(s):
  • It\\\'s important to note that the tax deduction for personal tax exemptions begins to be phased out if AGI exceeds $225750 for 2006 joint tax returns www.wwwebtax.com/miscellaneous/exemptions.htm
Adrian MM. (X)
Local time: 23:05
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 111
Grading comment
Thankyou very much.

Peer comments on this answer (and responses from the answerer)
agree  Rolf Keiser: joint exemption
5 hrs
  -> Merci vielmals!
Login to enter a peer comment (or grade)

1 day 7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
tax exempted/exemption amount for married couples


Explanation:
In answer to your question about "participation exemption"-that would be wrong I think because it refers to Körperschaftsteuer (corporation tax) whereas here we are talking about Kapitaletragssteuer (capital gains tax) for which the right expression would be tax exemption/exempted amount

YorickJenkins
Local time: 23:05
Native speaker of: Native in EnglishEnglish
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search