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Revisierente

English translation: revision interest


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:revisierente
English translation:revision interest
Entered by: Joost Simons
Options:
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09:25 May 30, 2011
Dutch to English translations [PRO]
Bus/Financial - Finance (general) / interest
Dutch term or phrase: Revisierente
Context: "Revisie is de herwaardering van opbrengsten of verliezen. Revisierente is rente die u moet betalen als u een lijfrente, pensioenrecht of stamrecht wilt afkopen. U betaalt revisierente ter compensatie van het renteverlies dat de Belastingdienst anders zou lopen."
Joost Simons
Local time: 08:58
revision interest
Explanation:
http://www.belastingdienst.nl/variabel/buitenland/en/private...
If you built up a pension while living in the Netherlands and deducted the related premiums from your income, this is deemed to be a tax advantage. If you emigrate this tax advantage will be retracted 'conditionally'. If you filled in an M tax return, you must declare the market value of your pension rights at the time of emigration. (Your pension fund or pension insurer can provide this information.) The market value of your pension rights will be added to your Box 1 income upon emigration. This addition will then be increased by a 20% 'revision interest'.
I would add a footnote that this is under Dutch tax laws

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Note added at 26 mins (2011-05-30 09:51:32 GMT)
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http://www.belastingdienst.nl/variabel/buitenland/en/private...
This is the full web reference
Selected response from:

Kate Hudson
Netherlands
Local time: 08:58
Grading comment
Thanks for your help, Kate!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1revision interest
Kate Hudson


  

Answers


25 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
revision interest


Explanation:
http://www.belastingdienst.nl/variabel/buitenland/en/private...
If you built up a pension while living in the Netherlands and deducted the related premiums from your income, this is deemed to be a tax advantage. If you emigrate this tax advantage will be retracted 'conditionally'. If you filled in an M tax return, you must declare the market value of your pension rights at the time of emigration. (Your pension fund or pension insurer can provide this information.) The market value of your pension rights will be added to your Box 1 income upon emigration. This addition will then be increased by a 20% 'revision interest'.
I would add a footnote that this is under Dutch tax laws

--------------------------------------------------
Note added at 26 mins (2011-05-30 09:51:32 GMT)
--------------------------------------------------

http://www.belastingdienst.nl/variabel/buitenland/en/private...
This is the full web reference

Kate Hudson
Netherlands
Local time: 08:58
Native speaker of: Native in EnglishEnglish
PRO pts in category: 52
Grading comment
Thanks for your help, Kate!
Notes to answerer
Asker: Thanks for your help, Kate!


Peer comments on this answer (and responses from the answerer)
agree  W Schouten: may be better 'revisionary interest'
52 mins
  -> Thank you
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