09:09 Jun 4, 2019 |
English to German translations [PRO] Law/Patents - Law (general) | |||||||
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Summary of answers provided | ||||
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3 | Nachlaß-, Erb-, Erbschafts-, (unter Lebenden) Veräußerungssteuer ... Brutto- bzw. Nettorestnachlaß |
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Discussion entries: 1 | |
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estate, inheritance, succession, (lifetime/inter vivos) transfer taxes [...] gross estate, residuary Nachlaß-, Erb-, Erbschafts-, (unter Lebenden) Veräußerungssteuer ... Brutto- bzw. Nettorestnachlaß Explanation: Hallo, Jenny. I am looking at EN>DE legal questions by a sheer fluke this morning - pace EN-into DE-colleagues and used to work in probate/ (Scots law) confirmation of Will during the era of Capital Transfer Tax - not only on Grunderwerbe (see the 2nd web ref.) but also on transfers of money - under a UK Labour Government and that had been split, under a Conservative one, into lifetime capital transfers and inehritance tax mortis causa/ on death. I am sure transfer in this case, nowadays, means lifetime transfers (inter vivos), namely in the (UK) deceased/ (US) decedent-testator-testatrix dies within 7 years of making a lifetime transfer to a beneficiary, the UK Revenue & Customs will 'claw back' (Steuerrück- bzw. -nachforderung) pro rata temporis or on a 'time-apportioned basis' the IHT/Inheritance tax that then becomes payable. Gross estate is the Gesamterbmasse bzw. Bruttonachlaßvermögen ? *before* payment of taxes and Council Tax, testamentary executors' /personal representatives- bank's or lawyers' fees as (pre-)preferential creditors and specific legacies (Zweckvermächtinisse?) #charged on the gross estate before division#. Residuary estate is the one going to the residuary heirs (Universalerben bzw. Erbgemeinsschaft! - City of London AT/CH/LI/DE) notarial translation) after payment of such. I am praying for such well-informed comments as 'the two: English and German systems are completely different so can and should not be compared!' Reference: http://www.erbrecht-ratgeber.de/erbrecht/steuern/steuern_01.... Reference: http://www.dict.cc/?s=capital+transfer+tax |
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