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fradragsret for kurstab, der ikke ydes i koncernforhold

English translation: right of deduction for exchange losses not incurred in intra-group transactions.

17:12 Feb 7, 2009
Danish to English translations [PRO]
Bus/Financial - Accounting / taxation
Danish term or phrase: fradragsret for kurstab, der ikke ydes i koncernforhold
from a memo concerning tax implications of exchange gains/losses:

Selskaber, der er fuldt skattepligtigt til Danmark, er skattepligtige til Danmark af kursgevinster og har fradragsret for kurstab, der ikke ydes i koncernforhold.

Does "ydes" refer to tax losses being used elsewhere in the Group, or to the right to make deductions being granted? (Too late on a working Saturday for my brain to figure this out.)
Karen Goulding
Local time: 18:47
English translation:right of deduction for exchange losses not incurred in intra-group transactions.
Explanation:
My sense is that this is saying that exchange losses can only be deducted if the loss is incurred in a transaction with a counterparty not in the same "koncern", i.e. group of companies. So, for example, if there was an exchange loss incurred by a British subsidiary of a Danish holding company in a transaction with the holding company, this would not be deductible.
Selected response from:

David Young (X)
Denmark
Local time: 19:47
Grading comment
Thanks - this hit the spot perfectly!
4 KudoZ points were awarded for this answer



Summary of answers provided
3right of deduction for exchange losses not incurred in intra-group transactions.
David Young (X)


  

Answers


4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
right of deduction for exchange losses not incurred in intra-group transactions.


Explanation:
My sense is that this is saying that exchange losses can only be deducted if the loss is incurred in a transaction with a counterparty not in the same "koncern", i.e. group of companies. So, for example, if there was an exchange loss incurred by a British subsidiary of a Danish holding company in a transaction with the holding company, this would not be deductible.

David Young (X)
Denmark
Local time: 19:47
Specializes in field
Native speaker of: English
PRO pts in category: 12
Grading comment
Thanks - this hit the spot perfectly!
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