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Dutch to English translations [PRO]
Bus/Financial - Law: Contract(s) | | Dutch term or phrase: overlaters | "De nieuwe gemaakte investeringen worden overgedragen tegen balanswaarden ten last van de OVERLATERS".
Can't find a clear ENG term for this word. |
| | | Owners, proprietors etc. | Explanation:
Owners, proprietors etc.
As I understand it this term (lit. the "transferrors") refers to the individual(s) who are transferring ownership of the business (etc.), i.e. the owner(s), proprietors, etc.
ref. http://www.icono.be/NOver01.html
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Note added at 2005-09-23 09:40:22 (GMT)
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You could also just use "transferrors", but I'm not sure whether that would help clarify the position (IMHO!).
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Note added at 2005-09-23 09:40:44 (GMT)
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See also, http://europa.eu.int/comm/enterprise/entrepreneurship/suppor...
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Note added at 2005-09-23 09:41:50 (GMT)
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It depends on the context, but it refers to anybody who "owns" whatever is being transferred, be they shareholders, proprietors etc.
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Note added at 2005-09-23 10:27:26 (GMT)
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For clarification: overnemer/overdrager:
# Aansprakelijkheid voor belastingschulden van de overlater.
Sinds 1997 is de overnemer van een handelsfonds aansprakelijk voor de belastingschulden van de overlater, tenzij de overnemer over een certificaat beschikt van de ontvanger der belastingen waaruit blijkt dat de overdrager geen belastingsschulden heeft. (art. 442bis WIB/9)
ref. http://www.icono.be/NOver01.html
However, a transferror and transferee can make a joint election to reduce the transferror's basis in the property to its fair market value and, therefore, the transferee will not be required to reduce its basis in the property. Under Code Sec. 362(e)(2)(C), the election to reduce stock basis must be filed with the income tax return for the tax year in which the transaction occurred and, once made, is irrevocable.
ref. http://tax.cchgroup.com/news/headlines/2005/nws91305.htm
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Note added at 2005-09-23 10:31:06 (GMT)
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Or \"transferor\" even!! |
| Selected response from:
Adam Smith
United Kingdom
Local time: 06:44
| Grading comment Many thanks Adam
4 KudoZ points were awarded for this answer |
| |
| Discussion entries: 0 |
|---|
Automatic update in 00:
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1 hr confidence:   Owners, proprietors etc.
Explanation:
Owners, proprietors etc.
As I understand it this term (lit. the "transferrors") refers to the individual(s) who are transferring ownership of the business (etc.), i.e. the owner(s), proprietors, etc.
ref. http://www.icono.be/NOver01.html
--------------------------------------------------
Note added at 2005-09-23 09:40:22 (GMT)
--------------------------------------------------
You could also just use "transferrors", but I'm not sure whether that would help clarify the position (IMHO!).
--------------------------------------------------
Note added at 2005-09-23 09:40:44 (GMT)
--------------------------------------------------
See also, http://europa.eu.int/comm/enterprise/entrepreneurship/suppor...
--------------------------------------------------
Note added at 2005-09-23 09:41:50 (GMT)
--------------------------------------------------
It depends on the context, but it refers to anybody who "owns" whatever is being transferred, be they shareholders, proprietors etc.
--------------------------------------------------
Note added at 2005-09-23 10:27:26 (GMT)
--------------------------------------------------
For clarification: overnemer/overdrager:
# Aansprakelijkheid voor belastingschulden van de overlater.
Sinds 1997 is de overnemer van een handelsfonds aansprakelijk voor de belastingschulden van de overlater, tenzij de overnemer over een certificaat beschikt van de ontvanger der belastingen waaruit blijkt dat de overdrager geen belastingsschulden heeft. (art. 442bis WIB/9)
ref. http://www.icono.be/NOver01.html
However, a transferror and transferee can make a joint election to reduce the transferror's basis in the property to its fair market value and, therefore, the transferee will not be required to reduce its basis in the property. Under Code Sec. 362(e)(2)(C), the election to reduce stock basis must be filed with the income tax return for the tax year in which the transaction occurred and, once made, is irrevocable.
ref. http://tax.cchgroup.com/news/headlines/2005/nws91305.htm
--------------------------------------------------
Note added at 2005-09-23 10:31:06 (GMT)
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Or \"transferor\" even!!
| Adam Smith
United Kingdom
Local time: 06:44
Specializes in field
Native speaker of:  English
PRO pts in category: 12
|
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