Glossary entry

Spanish term or phrase:

Baja bienes inversión

English translation:

write off or retirement of capital assets

Added to glossary by patinba
Oct 9, 2020 09:51
3 yrs ago
29 viewers *
Spanish term

Baja bienes inversión

Spanish to English Bus/Financial Law: Taxation & Customs Taxation, EDI, billing
SPAIN. This term or string appears on its own as part of a billing software program. I understand "bienes inversión" to be investment goods or capital goods, but the problem is what "baja" refers to in this case. I often translate it as cancellation or deregistration, but I'm not sure exactly what it means here.
Change log

Dec 21, 2020 22:16: patinba Created KOG entry

Discussion

neilmac (asker) Nov 12, 2020:
@Francois Yes, through the Comments section on their online platform, which I'm obliged to use to translate these things. The problem is, I never know when they will get back to me. I have several queries asking for feedback about terminology and context that have been on hold for several months without any response.
Francois Boye Oct 19, 2020:
@ Neilmac

Did you submit my translation to your client?
Francois Boye Oct 11, 2020:
Response to Asker

In many countries, investment goods are lightly taxed to promote investment, capital formation and growth.
neilmac (asker) Oct 9, 2020:
Could be anything I never know with "baja/alta" what they mean when there is so little context. I'm translating this using the client's online application, and there is a Comment function, and I'm forever making comments and requests for clarification, which sit there for months or even years with seldom any response. I've asked for clarification of "baja" in this context several times already and am still waiting to hear from the client.
matt robinson Oct 9, 2020:
Could it be some sort of write-off?

Proposed translations

3 hrs
Selected

write off of a capital asset

Contabilidad-Libros-IRPF-Bienes de Inversión_bajawww.infolex.es › doc › Contabilidad...
Baja de un Bien de Inversión. Descripción. En el momento en el que un bien de inversión deje de estar afecto a la actividad del despacho, se deberá registrar la baja
What Is a Capital Asset? - Investopediawww.investopedia.com › ... › Financial Statements
Sep 29, 2020 — However, most capital expenses cannot be claimed in the year of purchase, but instead must be capitalized as an asset and written off to ...
Note from asker:
So far I've been calling it a cancellation, and apparently (according to Linguee, anyway) a write off in Spanish is "cancelación", so we can't be far off. I intend to contact the client directly in the next few days if they don't respond to my online queries.
Peer comment(s):

neutral philgoddard : It could be a writedown as well. And it's bienes, plural.
6 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks to everyone who collaborated on this query. I still haven't had any response from the Client, so if they can't be bothered, neither can I."
5 hrs

discount for investment goods

This looks like a compacted expression. I surmise that:

baja bienes inversión = baja por bienes de inversión
Note from asker:
Yes, it is a truncated expression, and the lack of context makes it difficult to decide what they actually mean. I don't think it will be a discount, but I intend to ask the client directly in the next few days if they don't respond to my online queries.
Something went wrong...
10 hrs

Retirement of capital goods

Assets, plant & equipment, like people but without protesting about raising of the retirement age, can be 'retired off', namely taken out of service.

Retirement of assets : file mentally for future ref. or, as an Edinburgh Sheriff / Magistrate once quipped to me, 'take the word and stamp it on yer ... for'ead'.
Example sentence:

An asset is counted as retired when it is permanently removed from service. Asset retirement can occur in processes such as a sale to another party or disposal due to obsolescence

Something went wrong...
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