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Ersparnis durch Steuerrückerstattung

English translation: lower if you reclaim VAT

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Ersparnis durch Steuerrückerstattung
English translation:lower if you reclaim VAT
Entered by: philgoddard

11:36 Jan 29, 2013
German to English translations [PRO]
Bus/Financial - Real Estate
German term or phrase: Ersparnis durch Steuerrückerstattung
Real estate brochure for holiday apartments for sale, which the real-estate company then manages/lets when the owners are not using the apartment themselves.

Text:
Alle unten angeführten Preise sind Brutto-Preise vor Abzug der gesetzlichen Mehrwertsteuer von 20% bei touristischer Vermietung. (Ersparnis von 16,66% durch Steuerrückerstattung).
Lesley Robertson MA, Dip Trans IoLET
Austria
Local time: 05:22
these figures will be 16.66% lower if you/the tenant reclaim VAT
Explanation:
You haven't explained what these prices are or who is paying them - rents, service charges, the cost of the apartments? That's why I've said "you/the tenant".

However, I don't think a literal translation is enough. You need a proper sentence which (unlike the German) contains a verb.

If you add 20% VAT to price A to make it price B, A will be 16.66% lower than B. So if you're entitled to reclaim VAT, you save 16.66%.
Selected response from:

philgoddard
United States
Grading comment
Thank you, Phil!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2how about "a saving of 16,66% through refund of tax/tax refund"?
Caroline Folz-Jorgensen
4savings of xx% due to tax refund/tax return
Jessica Doppler
4these figures will be 16.66% lower if you/the tenant reclaim VAT
philgoddard
3(a) 16.6-percent savings in tax refunds
Michael Martin, MA


Discussion entries: 1





  

Answers


14 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
how about "a saving of 16,66% through refund of tax/tax refund"?


Explanation:
saving=Ersparnis
Steuerrückerstattung: tax refund or refund of tax


    Reference: http://www.financialworkshopkits.org/workshops/category/savi...
Caroline Folz-Jorgensen
United Kingdom
Local time: 04:22
Specializes in field
Native speaker of: German
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  Jessica Doppler
2 mins
neutral  philgoddard: But what does this actually mean? You need to explain why there's a saving.
2 hrs
agree  Chris Foster
4 hrs
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16 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
savings of xx% due to tax refund/tax return


Explanation:
The return by the government of excess taxes paid by an individual. If, during the course of a calendar year, an individual paid more taxes than they actually owed (after taking into consderation income tax, withholdings, tax deductions or credits, and other factors), then he or she will receive a tax refund after filing his or her taxes for the year.

Read more: http://www.investorwords.com/4912/tax_refund.html#ixzz2JMfOc...



    Reference: http://www.hmrc.gov.uk/incometax/refund-reclaim.htm
Jessica Doppler
United Kingdom
Native speaker of: English
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37 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
(a) 16.6-percent savings in tax refunds


Explanation:
Seems to me the most natural way of putting it.

Michael Martin, MA
United States
Local time: 23:22
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 44
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3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
these figures will be 16.66% lower if you/the tenant reclaim VAT


Explanation:
You haven't explained what these prices are or who is paying them - rents, service charges, the cost of the apartments? That's why I've said "you/the tenant".

However, I don't think a literal translation is enough. You need a proper sentence which (unlike the German) contains a verb.

If you add 20% VAT to price A to make it price B, A will be 16.66% lower than B. So if you're entitled to reclaim VAT, you save 16.66%.

philgoddard
United States
Native speaker of: English
PRO pts in category: 59
Grading comment
Thank you, Phil!
Notes to answerer
Asker: @ phil This information is for potential buyers who can then let out the holiday apartment when they are not using it themselves - the sales emphasis is definitely on buying the apartments as an investment (value appreciation + letting out the apartments to holidaymakers) rather than as a holiday home.

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