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Nov 24, 2009 18:06
15 yrs ago
English term
30+ years experience - accurate and fast
Native in: Dutch 
Works in: English to Dutch, Dutch to English, Flemish to English
income in their hands
English to Dutch
Bus/Financial
Law: Taxation & Customs
income
It is however the Directors’ current intention that each Fund should distribute to its Shareholders an amount not materially less than the amount of income on which such Shareholders would otherwise be liable to tax under that regime as deemed income in their hands.
What is meant with "income in their hands" in this respect? "Besteedbaar inkomen"? But I thought "besteedbaar inkomen" was income that had aready been taxed... Any tax wizzards around?
What is meant with "income in their hands" in this respect? "Besteedbaar inkomen"? But I thought "besteedbaar inkomen" was income that had aready been taxed... Any tax wizzards around?
References
| income in their hands |
Ansi
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Reference comments
10 days
Reference:
income in their hands
I understand this simply as "personal income" (which they actually received before tax).
Basically the distribution is just below the threshold form where to pay tax.
eg. see http://www.hmrc.gov.uk/MANUALS/tsemmanual/TSEM4570.htm :
"Although a discretionary payment to the beneficiary strictly constitutes a new source of income in their hands (TSEM3755), we treat the measure of the beneficiary's income as nil, to avoid taxing the same income twice."
Sorry, I can't offer you a Dutch translation.
Basically the distribution is just below the threshold form where to pay tax.
eg. see http://www.hmrc.gov.uk/MANUALS/tsemmanual/TSEM4570.htm :
"Although a discretionary payment to the beneficiary strictly constitutes a new source of income in their hands (TSEM3755), we treat the measure of the beneficiary's income as nil, to avoid taxing the same income twice."
Sorry, I can't offer you a Dutch translation.
Discussion