GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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18:34 May 2, 2016 |
Danish to English translations [PRO] Bus/Financial - Law: Taxation & Customs | |||||||
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| Selected response from: Adrian MM. (X) Local time: 12:31 | ||||||
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Summary of answers provided | ||||
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4 | hold-over relief |
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Discussion entries: 2 | |
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hold-over relief Explanation: = deferment of IHT/inheritance tax or CGT/capital gains tax vs. roll-over relief = plough-back & reinvestment of gains. In the UK (and Eire?), both reliefs are, or used to be, available at the same time. At this point, I am supposed to write that I am not an expert, but am not going to. -------------------------------------------------- Note added at 2 hrs (2016-05-02 20:36:24 GMT) -------------------------------------------------- I forgot to mention... this text concerns “Exit taxation on companies relocating by means of a reverse vertical merger” then read: carry(-)over relief https://books.google.at/books?isbn=3642002609 I'm not beat(en) yet! -------------------------------------------------- Note added at 4 days (2016-05-07 14:36:07 GMT) Post-grading -------------------------------------------------- universal vs. particular succession is a mechanism for wholesale or individual transfer of company assets and only indrectly has a tax impact, whereas the question clearly refers to 'skattemæssig...' PS during my City of London acquisitions & mergers days, a new VAT reg. no. and accounting reference period were sought for the target-co. If a susbidiary had been merged into a parent group, UK hold-over relief for taxable gains or group (tax-losses) relief carried over into the target might also have been available. Example sentence(s):
Reference: http://www.plesner.com/insights/artikler/2014/12/generations... Reference: http://www.noonecasey.ie/guide-to-irish-tax/capital-gains-ta... |
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