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Bedarfswert II

English translation: commodity value

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01:56 May 6, 2001
German to English translations [PRO]
Bus/Financial - Finance (general)
German term or phrase: Bedarfswert II
Thanks for all useful comments so far (please see previous entry). Unfortunately I can't use market value though;
another excerpt "das Darlehen mindert die Bemessungsgrundlage ...nur im Verhältnis des Bedarfswert zum Verkehrswert".
Any more good ideas?
berelin
Local time: 00:37
English translation:commodity value
Explanation:
I came to this conclusion with the aid of a private glossary prepared by the Max Planck Institute, and it would seem to me to make sense.
Selected response from:

Astrid Elke Witte
Germany
Local time: 00:37
Grading comment
Thank you, all your suggestions were very useful. I'm a little wary of using just "standardised value" (just because KPMG says it, doesn't make it clever ;-) and am going to leave Bedarfswert in the original (definition is in fact in the text), and gloss it as "standardised commodity value".
I gave the points for 'standardised' to the person who suggested it in my previous query.
3 KudoZ points were awarded for this answer

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Summary of answers provided
naentitlement valueHarry Decker
nareference value
Yves Georges
nastandardized value(s)
Tom Funke
nacommodity value
Astrid Elke Witte
narequirement valueRandi Stenstrop


  

Answers


1 hr
requirement value


Explanation:
... at least, that seems to be how the German specialists (lawyers, accountants - several Google hits) translate this specifically German method of valuation.

at http://www.fresenius.com/subpages/gebaeude/02.shtml I found this explanation, which you might find useful for an explanation (footnote):

Wertermittlung von Grundstücken für Zwecke der Erbfolgeplanung bzw. der Schenkung unter Lebenden Mit dem Jahressteuergesetz 1997 wurde u.a. die Bewertung von Grundbesitz für Zwecke der Erbschaft- und Schenkungssteuer mit der sogenannten Bedarfsbewertung neu geregelt. Nicht mehr der amtliche Einheitswert, sondern der Grundbesitzwert (Bedarfswert) bestimmen den steuerlich relevanten Wert eines Grundstücks. Solche Bedarfswerte werden von den Finanzämtern festgestellt. Es besteht jedoch gem. § 145 Bewertungsgesetz die Möglichkeit, mit einem Sachverständigengutachten einen ggfs. niedrigeren gemeinen Wert (Verkehrswert) nachzuweisen.

I hope this is what you need.

Good luck.






Randi Stenstrop
Local time: 00:37
Native speaker of: Danish
PRO pts in category: 3
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1 hr
commodity value


Explanation:
I came to this conclusion with the aid of a private glossary prepared by the Max Planck Institute, and it would seem to me to make sense.

Astrid Elke Witte
Germany
Local time: 00:37
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 34
Grading comment
Thank you, all your suggestions were very useful. I'm a little wary of using just "standardised value" (just because KPMG says it, doesn't make it clever ;-) and am going to leave Bedarfswert in the original (definition is in fact in the text), and gloss it as "standardised commodity value".
I gave the points for 'standardised' to the person who suggested it in my previous query.

Peer comments on this answer (and responses from the answerer)
Randi Stenstrop
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7 hrs
standardized value(s)


Explanation:
standardized value(s)

Google: Searched English pages for bedarfswert. Results 1 - 1 of 1. Search took 0.65 seconds:
Bedarfswert: standardized value(s)
http://usserve.us.kpmg.com/intlserv/intcorpt/pubs/gernews/16...

Verkehrswert: current/fair market value; salable value
(Schäfer:Wirtschaftgswörterbuch, ISBN 3 8006 18532)

Google: Searched the web for bedarfswert verkehrswert. Results 1 - 20 of about 25. Search took 0.30 seconds. E.g.:
Die Reform des Handelsrechts - [ New! Translate this page ]
... Gebäudewert nach Alterswertminderung, DM, 750.000, aktueller Verkehrswert, DM,
1.000.000, Bedarfswert nach § 147 BewG, Bodenrichtwert Grund und Boden, DM, 250.000, ...
www.recht-aktuell.de/sonder1.htm - 41k - Cached - Similar pages
Bilanzsteuerklausur 98 - [ New! Translate this page ]
... 30.000 DM, ein unbebautes Grundstück mit einem Verkehrswert in Höhe von 75.000
DM (der Bedarfswert beträgt ebenfalls 75.000 DM, der zuletzt festgestellte ...
www.steuerberateronline.com/info-service/Bilanz99.htm - 55k - Cached - Similar pages
[PDF] www.steuerberateronline.com/info-service/Examen00.pdf
... geworden. Zum Jahresende 1998 betrug der Verkehrswert des Grundstücks 700.000 DM
(davon ... Bodens beträgt 150.000 DM, der Bedarfswert beträgt 250.000 DM. Die ...
Text version - Similar pages
ErbschaftsteuerVortrag - [ New! Translate this page ]
... Beispiel 10. Vater überträgt an Sohn ein Grundstück. Der Verkehrswert beträgt
500 TDM, der Bedarfswert 200 TDM. Der Sohn hat die Resthypothek mit 100 TDM zu ...
www.kanzlei-trautmann.de/doc/erb_rede.htm - 101k - Cached - Similar pages
Die zukünftige Erbschaft und Ihre Folgen für Sie !!! - [ New! Translate this page ]
... Fassung: Nach dem 31.12.95 wird nun ein Bedarfswert vom Finanzamt festgestellt,
der dem Verkehrswert (Zeitwert) in etwa zu 80 % bis 100 % entspricht bzw. der ...
www.erbschaftssteuerberechnung.de/inhalt.htm - 16k - Cached - Similar pages
Gebäude/Immobilien - [ New! Translate this page ]
... Einheitswert, sondern der Grundbesitzwert (Bedarfswert) bestimmen den steuerlich
relevanten Wert ... ggfs. niedrigeren gemeinen Wert (Verkehrswert) nachzuweisen. ...
www.fresenius.com/subpages/gebaeude/02.shtml - 11k - Cached - Similar pages
Kanzleien in Deutschland - Der Syndikus - [ New! Translate this page ]
...

HTH Tom






    see above
Tom Funke
Local time: 18:37
Native speaker of: English
PRO pts in category: 4
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7 hrs
reference value


Explanation:
I am not German, I am not English, I do not have special knowledge in this field...
However I dare to expose what I think of the German text is the following : this "Bedarfwert" is established from current sales in the past 3 years in order to set the value of the inheritage rights.
I also conclude from the various proposals that there is no strict equivalent in English (it seems to be specific of the German legislation).
The only way, if what i say is right, is to invent a translation.
From the context, I draw that it is an official reference value.
"Market value" has been proposed but it cannot be right because a market value is the value at a given moment. Here we are dealing with a fictiv value averaged over 3 years...

I hope this helps.
Good Luck

Yves Georges
France
Local time: 00:37
Native speaker of: Native in FrenchFrench

Peer comments on this answer (and responses from the answerer)
Wynona Kaspar
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10 hrs
entitlement value


Explanation:
the value that one is entitled to get from the object.

Another suggestion. Hope it helps


    self, native
Harry Decker
Local time: 18:37
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
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Changes made by editors
Aug 24, 2005 - Changes made by Astrid Elke Witte:
Field (specific)(none) » Finance (general)


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