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autoliquidación

English translation: self-assessment

21:31 Mar 6, 2016
Spanish to English translations [PRO]
Bus/Financial - Real Estate / Property Registration Documents
Spanish term or phrase: autoliquidación
In some notarized property documents from Spain to be used in the sale of the property, the texts reads as follows:

Cargas Vigentes
Afección por autoliquidación del impuesto

It sounds like a lien caused by a self-assessment of a tax??? The phrase is meaningless to me. Can anyone shed any light. Yes, I know the questions has been asked before but they don't make sense in this context.
Hinara
United States
Local time: 17:37
English translation:self-assessment
Explanation:
In other words, self-assessment followed by payment

Autoliquidación del Impuesto sobre Transmisiones Patrimoniales (modelo 600).
invest-vci.com


Self-assessment of Asset Transfer Tax (Impuesto sobre Transmisiones Patrimoniales - ITP) (Model 600).
invest-vci.com
Selected response from:

AllegroTrans
United Kingdom
Local time: 01:37
Grading comment
Thank you!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +6self-assessment
AllegroTrans
4 +2[Lien/encumbrance arising from] Tax return self-assessment
Seth Phillips
4 +1Self-assessed tax (AmE: land) lien > (BrE) charge
Adrian MM. (X)
5 -2autoliquidation/closing of funds/self assessment
Jesus Duran Fernandez


Discussion entries: 4





  

Answers


4 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +6
self-assessment


Explanation:
In other words, self-assessment followed by payment

Autoliquidación del Impuesto sobre Transmisiones Patrimoniales (modelo 600).
invest-vci.com


Self-assessment of Asset Transfer Tax (Impuesto sobre Transmisiones Patrimoniales - ITP) (Model 600).
invest-vci.com


AllegroTrans
United Kingdom
Local time: 01:37
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 106
Grading comment
Thank you!

Peer comments on this answer (and responses from the answerer)
agree  Ana Claudia Macoretta
4 mins
  -> thanks!
agree  philgoddard
44 mins
  -> thanks Phil
agree  Charles Davis
2 hrs
  -> thanns CD
agree  Alayna Keller
11 hrs
  -> thanks
agree  neilmac
11 hrs
  -> thanks
agree  Álvaro Espantaleón Moreno: Also correct because the asker just included one word in his question
20 hrs
  -> indeed, thanks
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14 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
[Lien/encumbrance arising from] Tax return self-assessment


Explanation:
That's my understanding of the phrase. Rebecca Jower lays out a pretty clear description of "Autoliquidación" in her Lexicon (under 4.2 Declaraciones Tributarias) "Self-assessment (taxpayer’s reporting of income and calculation of taxes due on a tax return)".

Seth Phillips
United States
Local time: 20:37
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: I cannot see how, with no surrounding text, you arrive at the conclusion that a lien is involved-could this not simply be a requirement, set out in the deed, that a party pays this tax?
4 mins
  -> Afección is mentioned in asker's illustrated text, which is a a lien or encumbrance.
agree  Adrian MM. (X): Tax lien over land in the US - not the UK.
19 hrs
agree  Álvaro Espantaleón Moreno
20 hrs
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46 mins   confidence: Answerer confidence 5/5 peer agreement (net): -2
autoliquidation/closing of funds/self assessment


Explanation:
As our peer commenter seth Philips says
Encumbrance arosen from self assessments

Jesus Duran Fernandez
Spain
Local time: 02:37
Native speaker of: Spanish

Peer comments on this answer (and responses from the answerer)
disagree  philgoddard: The only one that makes sense is self assessment, which was given as an answer 32 minutes ago.
2 mins
  -> The three make sense, closing of funds and self assessments are efectuated at autoliquidation, the three mean the same
neutral  AllegroTrans: arosen???? the three mean the same? - I don't think so// yes, well...
2 hrs
  -> arisen or arosen you should revise your grammar for attrivutibe positions and writen of past participles
disagree  Andy Watkinson: Where does "closing of funds" come from?
3 hrs
neutral  Charles Davis: Autoliquidation means either getting rid of a car or killing yourself.
10 hrs
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19 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Afección por autoliquidación del impuesto
Self-assessed tax (AmE: land) lien > (BrE) charge


Explanation:
I agree with the answer of self-assessment. But no one is picking up on US land liens (charges in E&W), nor the conundrum of a self-imposed assess,emt to tax that can be challenged by the Hacienda, subject - in my experience - to the offer of a 'regalo'.


--------------------------------------------------
Note added at 19 hrs (2016-03-07 16:48:19 GMT)
--------------------------------------------------

self-imposed assessment--


    Reference: http://www.proz.com/?sp=asearch&term=Afecci%C3%B3n%20por%20a...
Adrian MM. (X)
Local time: 02:37
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 151

Peer comments on this answer (and responses from the answerer)
agree  Álvaro Espantaleón Moreno
1 hr
  -> Gracias!
neutral  AllegroTrans: well this is conceivable, but in my experience the property transfer tax has to be paid on execution of the final deed of sale and the notary certifies this
1 hr
  -> Deed of sale - meaning escritura publica de compraventa. I am pleased you think the tax gets paid on execution of the conveyance. But it needs to be any time pre-reg. You still need to d/w the *federal tax lien* point in US fed. state law.
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