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Bus/Financial - Accounting / taxation | | Danish term or phrase: fradragsret for kurstab, der ikke ydes i koncernforhold | from a memo concerning tax implications of exchange gains/losses:
Selskaber, der er fuldt skattepligtigt til Danmark, er skattepligtige til Danmark af kursgevinster og har fradragsret for kurstab, der ikke ydes i koncernforhold.
Does "ydes" refer to tax losses being used elsewhere in the Group, or to the right to make deductions being granted? (Too late on a working Saturday for my brain to figure this out.) |
| Karen GouldingKudoZ activityQuestions: 165 (none open) ( 7 without valid answers) ( 12 closed without grading) Answers: 118
| Local time: 06:12
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| | English translation:right of deduction for exchange losses not incurred in intra-group transactions. | Explanation:
My sense is that this is saying that exchange losses can only be deducted if the loss is incurred in a transaction with a counterparty not in the same "koncern", i.e. group of companies. So, for example, if there was an exchange loss incurred by a British subsidiary of a Danish holding company in a transaction with the holding company, this would not be deductible. |
| Selected response from:
 David Young
Local time: 07:12
| Grading comment Thanks - this hit the spot perfectly!
4 KudoZ points were awarded for this answer |
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The translation workplace 
