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tablas de amortización

English translation: depreciation tables

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:tablas de amortización
English translation:depreciation tables
Entered by: Patrick Bearne

20:47 Jan 10, 2019
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Asset Finance
Spanish term or phrase: tablas de amortización
I am translating a text from a Spanish Bank on asset finance and leasing, and the expression "tablas de amortización" comes up. It appears in the following paragraph, among other places:

La parte de la cuota de leasing correspondiente a la recuperación de coste también es fiscalmente deducible hasta un máximo del doble de la cantidad que permiten las tablas de amortización oficiales o el triple en caso de empresas consideradas de reducida dimensión (actualmente con ventas anuales inferiores a 10.000.000 €).

I've discovered this page from the Spanish tax authority's website:

https://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio/...

This is actually partially translated into English, but "tablas de amortización" remains in Spanish.

Any help would be appreciated.
Patrick Bearne
Peru
Local time: 18:42
depreciation tables
Explanation:
As far as I can see this is about depreciation of goods for tax purposes, rather than amortization of loans.

Here are some depreciation tables for US property tax appraisal:
https://www.delta-cad.org/commercial-personal-property-depre...

--------------------------------------------------
Note added at 2 hrs (2019-01-10 23:25:21 GMT)
--------------------------------------------------

The word you want here is definitely depreciation, not amortization, because:

"In tax law, amortization refers to the cost recovery system for intangible property."
https://en.wikipedia.org/wiki/Amortization_(tax_law)

"For tax purposes, the cost basis of an intangible asset is amortized over a specific number of years, regardless of the actual useful life of the asset. In the year the asset is acquired and sold, the amount of amortization deductible for tax purposes is prorated on a monthly basis. Intangible amortization is reported on IRS Form 4562.
Intangible assets are typically nonphysical and not easily assigned a value. According to Section 197 of the Internal Revenue Code, there are numerous qualifying intangible assets, but the most common are patents, goodwill, the value of a worker's knowledge, trademarks, trade and franchise names, noncompetitive agreements related to business acquisitions, and a company's human capital."
https://www.investopedia.com/terms/a/amortization-of-intangi...

That's not what's involved here: leasing refers to tangible assets:

"Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value. Businesses depreciate long-term assets for both tax and accounting purposes. For tax purposes, businesses can deduct the cost of the tangible assets they purchase as business expenses; however, businesses must depreciate these assets according to IRS rules about how and when the company can take the deduction."
https://www.investopedia.com/terms/d/depreciation.asp

Amortization can also "refer to paying off debt over time in regular installments of interest and principal sufficient to repay the loan in full by maturity."
https://www.investopedia.com/terms/a/amortization.asp

But again, that's not what these "tablas de amortización" are about: they are "tablas de amortización oficiales" which determine tax deductibility: in other words, they are the tax authorities' tables indicating how much tax is deductible for depreciation of the tangible assets leased. This is not about repayment to the bank.

--------------------------------------------------
Note added at 2 hrs (2019-01-10 23:30:10 GMT)
--------------------------------------------------

"Capital leased equipment is recorded as an asset, subject to depreciation, on the books. [...]
The tax benefit of an operating lease over a capital lease depends on the type of asset leased. If the asset is expected to become obsolete before the entire value can be depreciated off the books, then the company may garner a greater tax break from the direct expense of each lease payment. [...]
On the other hand, if the lease is a capital lease, you can expense the interest paid on the lease each year and depreciate the cost of the asset over the life of the asset."
https://smallbusiness.chron.com/tax-benefits-operating-vs-ca...
Selected response from:

Charles Davis
Spain
Local time: 01:42
Grading comment
Thanks Charles
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +7depreciation tables
Charles Davis
5 +2amortization schedules
Uvierode Woglo
4amortization tables
Boris S.
3repayment schedules
Ana Vozone


Discussion entries: 1





  

Answers


13 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
amortization schedules


Explanation:
Amortization schedules are table with the periodic payments for the amortization of loans.

--------------------------------------------------
Note added at 13 mins (2019-01-10 21:01:31 GMT)
--------------------------------------------------

are tables


    https://books.google.com.br/books?id=PLSTUnUzEIAC&pg=PA358&lpg=PA358&dq=%22tablas+de+amortizaci%C3%B3n%22,amortization&source=bl&ots=bfUqi3T
Uvierode Woglo
Brazil
Local time: 20:42
Works in field
Native speaker of: English

Peer comments on this answer (and responses from the answerer)
agree  Steven Huddleston: The "source" mentions Euros, so I'd go with this.
24 mins
agree  Luis M. Sosa: Yes, strongly agree. This is the term tipically used in banking and finance (not to mean the rest of answers are wrong), but schedule is widely used. See also: https://www.investopedia.com/terms/a/amortization_schedule.a...
1 hr
neutral  Charles Davis: This is not about amortization of loans
2 hrs
agree  Paula Graf
3 hrs
neutral  Robert Carter: Although this would be a suitable translation if the context were loans, in this particular case it's about leasing, so it has nothing to do with repayments, I'm afraid.
3 hrs
neutral  Enrique Bjarne Strand Ferrer: This is about the depreciation implied in a lease, not amortization.
7 hrs
disagree  John Rynne: I agree with Charles, Robert and enrfer -- though this might be the right translation in another context, it's not the right one here
9 hrs
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20 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
amortization tables


Explanation:
In that context, you should translate it as "amortizacion tables". See the examples below.

Example sentence(s):
  • An "amortization table" shows the details about paying down a loan balance. See monthly payments, interest costs, and other information.
  • You can create an amortization schedule for any type of loan, but it is commonly used on mortgage and car loans. It is difficult to calculate the "amortization table" ...

    https://www.thebalance.com/what-is-an-amortization-table-315520
    https://financialmentor.com/calculator/amortization-schedule-calculator
Boris S.
Spain
Local time: 01:42
Specializes in field
Native speaker of: Native in SpanishSpanish

Peer comments on this answer (and responses from the answerer)
neutral  Charles Davis: This is not about amortization of loans
2 hrs
neutral  Robert Carter: I agree with Charles.
3 hrs
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23 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
repayment schedules


Explanation:
another suggestion.

https://www.google.com/search?q="repayment schedule" loan&oq...

Ana Vozone
Local time: 00:42
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 113

Peer comments on this answer (and responses from the answerer)
neutral  Robert Carter: Nothing to do with loan repayments, I'm afraid. Saludos, Ana.
3 hrs
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22 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +7
depreciation tables


Explanation:
As far as I can see this is about depreciation of goods for tax purposes, rather than amortization of loans.

Here are some depreciation tables for US property tax appraisal:
https://www.delta-cad.org/commercial-personal-property-depre...

--------------------------------------------------
Note added at 2 hrs (2019-01-10 23:25:21 GMT)
--------------------------------------------------

The word you want here is definitely depreciation, not amortization, because:

"In tax law, amortization refers to the cost recovery system for intangible property."
https://en.wikipedia.org/wiki/Amortization_(tax_law)

"For tax purposes, the cost basis of an intangible asset is amortized over a specific number of years, regardless of the actual useful life of the asset. In the year the asset is acquired and sold, the amount of amortization deductible for tax purposes is prorated on a monthly basis. Intangible amortization is reported on IRS Form 4562.
Intangible assets are typically nonphysical and not easily assigned a value. According to Section 197 of the Internal Revenue Code, there are numerous qualifying intangible assets, but the most common are patents, goodwill, the value of a worker's knowledge, trademarks, trade and franchise names, noncompetitive agreements related to business acquisitions, and a company's human capital."
https://www.investopedia.com/terms/a/amortization-of-intangi...

That's not what's involved here: leasing refers to tangible assets:

"Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value. Businesses depreciate long-term assets for both tax and accounting purposes. For tax purposes, businesses can deduct the cost of the tangible assets they purchase as business expenses; however, businesses must depreciate these assets according to IRS rules about how and when the company can take the deduction."
https://www.investopedia.com/terms/d/depreciation.asp

Amortization can also "refer to paying off debt over time in regular installments of interest and principal sufficient to repay the loan in full by maturity."
https://www.investopedia.com/terms/a/amortization.asp

But again, that's not what these "tablas de amortización" are about: they are "tablas de amortización oficiales" which determine tax deductibility: in other words, they are the tax authorities' tables indicating how much tax is deductible for depreciation of the tangible assets leased. This is not about repayment to the bank.

--------------------------------------------------
Note added at 2 hrs (2019-01-10 23:30:10 GMT)
--------------------------------------------------

"Capital leased equipment is recorded as an asset, subject to depreciation, on the books. [...]
The tax benefit of an operating lease over a capital lease depends on the type of asset leased. If the asset is expected to become obsolete before the entire value can be depreciated off the books, then the company may garner a greater tax break from the direct expense of each lease payment. [...]
On the other hand, if the lease is a capital lease, you can expense the interest paid on the lease each year and depreciate the cost of the asset over the life of the asset."
https://smallbusiness.chron.com/tax-benefits-operating-vs-ca...

Charles Davis
Spain
Local time: 01:42
Native speaker of: English
PRO pts in category: 331
Grading comment
Thanks Charles

Peer comments on this answer (and responses from the answerer)
agree  patinba: Yes. leasing payments are tax deductible, with a cap of 2 or sometimes 3 times the established depreciation rate as per the official tables
38 mins
  -> Thanks, Pat :-) That's how I understood it.
agree  Robert Carter: Absolutely; this is about leasing so it has nothing to do with repayment. I agree with Pat too.
3 hrs
  -> Many thanks, Robert :-)
agree  Richard Cadena: It seems like Amortization has schedules (Black's Law Dictionary) and Depreciation has tables (IRS depreciation tables).
4 hrs
  -> Thanks, Richard! That makes sense.
agree  Enrique Bjarne Strand Ferrer: The link to agencia tributaria is quite clear, its about depreciation.
7 hrs
  -> Thanks, enrfer :-) I agree.
agree  bigedsenior: Since depreciation is involved, it has to be a Capital Lease and not an operating lease. A Capital lease is rally a form of purchase.
9 hrs
  -> Many thanks :-) I think you're right about that.
agree  John Rynne
9 hrs
  -> Thanks, John :-)
agree  Ruth Ramsey: Yes, in this context.
10 hrs
  -> Thanks, Ruth :-)
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