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Sonderbetriebsvermögen

English translation: special business assets

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Sonderbetriebsvermögen
English translation:special business assets
Entered by: Marketing-Lang.
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13:17 Nov 23, 2006
German to English translations [PRO]
Law/Patents - Law: Taxation & Customs
German term or phrase: Sonderbetriebsvermögen
Sonderbetriebsvermögen II:

Zum Sonderbetriebsvermögen II gehören Wirtschaftsgüter, die unmittelbar zur Begründung oder Stärkung der Beteiligung des Mitunternehmers an der Personengesellschaft eingesetzt werden und damit die Beteiligung des Gesellschafters fördern. - Das Sonderbetriebsvermögen II ist eine "Erfindung" der Rechtsprechung. Hierfür gibt es keine gesetzliche Grundlage.
Marketing-Lang.
Germany
Local time: 09:14
special business assets
Explanation:
Hi Mike - this isn't my specialty, so I can't vouch for this translations and I don't know if the II has a special meaning.

The valuation method used for business assets applies also to partnership interests with specific rules for attributing every partner his share of the assets. For example, special business assets (“Sonderbetriebsvermögen”, a fiction for income-tax purposes), that is assets owned in civil law by one of the partners but used for the partnership, are deducted and attributed completely to the owner in advance.

http://72.14.253.104/search?q=cache:W7GcLenJGrQJ:www.gtz-leg...
Selected response from:

Kim Metzger
Mexico
Local time: 02:14
Grading comment
Hi Kim - thanks for this - you hit the nail on the head. Best regards from Aachen, -Mike-
4 KudoZ points were awarded for this answer



Summary of answers provided
3special business assets
Kim Metzger


  

Answers


12 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
special business assets


Explanation:
Hi Mike - this isn't my specialty, so I can't vouch for this translations and I don't know if the II has a special meaning.

The valuation method used for business assets applies also to partnership interests with specific rules for attributing every partner his share of the assets. For example, special business assets (“Sonderbetriebsvermögen”, a fiction for income-tax purposes), that is assets owned in civil law by one of the partners but used for the partnership, are deducted and attributed completely to the owner in advance.

http://72.14.253.104/search?q=cache:W7GcLenJGrQJ:www.gtz-leg...


Kim Metzger
Mexico
Local time: 02:14
Native speaker of: Native in EnglishEnglish
PRO pts in category: 149
Grading comment
Hi Kim - thanks for this - you hit the nail on the head. Best regards from Aachen, -Mike-
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