inkomsten uit vermogen

English translation: income from assets; income from certain assets (see below)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:inkomsten uit vermogen
English translation:income from assets; income from certain assets (see below)
Entered by: TechLawDC

12:16 Aug 27, 2015
Dutch to English translations [PRO]
Bus/Financial - Finance (general)
Dutch term or phrase: inkomsten uit vermogen
Right, I just wanted to ask you guys for your opinion on this. The dictionary lists this as "income from capital", but given how it is further qualified in my source text by the paragraph that follows it, I'm not entirely sure I agree. What I'm struggling with is the fine line between CAPITAL, EQUITY and ASSETS.
The line of thought I've tended to follow:
Capital = available funds (both own funds + funds from financing such as loans)
Equity = assets - liabilities

My context is as follows:
Inkomsten uit VERMOGEN
"De persoon in kwestie moet aantonen hoeveel VERMOGEN hij/zij heeft.
X rekent X% van het VERMOGEN als inkomen bij de vaststelling van de hoogte van de lening.
Het VERMOGEN moet vrij opneembaar zijn en mag niet in bijv. grond of woningen." (So here we're talking about liquid assets, because real estate by definition could not be "capital". . .)

What is the best way to go here?
Emma Rault (X)
United Kingdom
Local time: 21:39
income from assets
Explanation:
(Common term in tax law.)
---
Taxation of Foreign Trusts - McDermott Will & Emery
www.mwe.com/info/pubs/NYLJ_012510.pdf
McDermott Will & Emery
Jan 25, 2010 - the avoidance of tax on income from assets held abroad. If enacted, FATCA would impose new rules for taxing certain benefits received.

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Note added at 1 day20 hrs (2015-08-29 08:24:41 GMT) Post-grading
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The qualifier "vrij opneembaar" is used (readily available). I did not take this into account in my answer.
Alternative: Income from certain "available" assets.
Remark: It is unclear why the lender would not want to take into account income, or at least recurring income, from non-"available" assets as well, in assessing the borrower's creditworthiness.
Selected response from:

TechLawDC
United States
Local time: 17:39
Grading comment
Thank you for your suggestion and your contribution in the discussion box. I think this is the right option for the paragraph heading, with further details to follow in the text following it.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1income from assets
TechLawDC
4income from capital / revenue from capital / unearned income (which pertains to private individuals
Andrew Howitt
3 +1income from current assets
Madeleine van Zanten


Discussion entries: 13





  

Answers


37 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
income from capital / revenue from capital / unearned income (which pertains to private individuals


Explanation:
As given in Jurlex

Andrew Howitt
Netherlands
Local time: 22:39
Works in field
Native speaker of: English
PRO pts in category: 13
Notes to answerer
Asker: Yes, okay, that was my first port of call too, but see my misgivings in the discussion box above. . .

Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
income from current assets


Explanation:
Maybe this is helpful - current assets are circulating assets (liquidities)

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Note added at 2 hrs (2015-08-27 14:29:27 GMT)
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Yes, this would be correct as well, simply current assets is a term used on the balance sheets

Madeleine van Zanten
Switzerland
Local time: 22:39
Works in field
Native speaker of: Native in FrenchFrench
Notes to answerer
Asker: Yes, I was wondering too whether "income from liquid assets" might be the way to go. . .


Peer comments on this answer (and responses from the answerer)
agree  Richard Purdom
1 hr
Login to enter a peer comment (or grade)

19 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
income from assets


Explanation:
(Common term in tax law.)
---
Taxation of Foreign Trusts - McDermott Will & Emery
www.mwe.com/info/pubs/NYLJ_012510.pdf
McDermott Will & Emery
Jan 25, 2010 - the avoidance of tax on income from assets held abroad. If enacted, FATCA would impose new rules for taxing certain benefits received.

--------------------------------------------------
Note added at 1 day20 hrs (2015-08-29 08:24:41 GMT) Post-grading
--------------------------------------------------

The qualifier "vrij opneembaar" is used (readily available). I did not take this into account in my answer.
Alternative: Income from certain "available" assets.
Remark: It is unclear why the lender would not want to take into account income, or at least recurring income, from non-"available" assets as well, in assessing the borrower's creditworthiness.

TechLawDC
United States
Local time: 17:39
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 15
Grading comment
Thank you for your suggestion and your contribution in the discussion box. I think this is the right option for the paragraph heading, with further details to follow in the text following it.

Peer comments on this answer (and responses from the answerer)
agree  Kitty Brussaard: See also my last D-box entry.
1 day 3 hrs
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