investment credit recapture

German translation: Steuernachforderung bei steuerbegünstigten Investitionen

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:investment credit recapture
German translation:Steuernachforderung bei steuerbegünstigten Investitionen
Entered by: A. & S. Witte

12:58 Jul 12, 2017
English to German translations [PRO]
Bus/Financial - Finance (general) / Scheidungsurteil aus Kalifornien
English term or phrase: investment credit recapture
21.
TAX BASIS/INVESTMENT CREDIT RECAPTURE.
1.
By this Agreement Husband and Wife intend to equally partition and divide their community and co-owned property.
Under Internal Revenue Code Section 1041 the division of property pursuant to this Agreement is a non-taxable event, since neither party is a non-resident alien for United States income tax purposes.
The tax basis of each asset divided by this Agreement has not changed and will not change due to this division.
Neither party shall seek a new tax basis for any asset.
If either party does seek a new basis for any asset and any additional federal or state taxes are asserted against the other party on the grounds that any disposition of assets under this Agreement was a taxable event, then the party seeking the new basis shall pay, indemnify and hold the other party harmless from all costs, expenses and liabilities, including but not limited to taxes, attorney’s and accountant’s fees attributable to the party having sought a new tax basis.
2.
The transferor of any assets hereunder shall supply the transferee, at the time of the transfer, with records in the transferor’s possession or control sufficient to determine the adjusted basis and holding period of the property pursuant to Internal Revenue Service Temporary Regs.
1.1041-1T, Q&A 14.
If the asset has any potential ***investment credit recapture*** the transferor shall supply the transferee with records sufficient to determine the amount of the potential liability.
A. & S. Witte
Germany
Local time: 18:33
Steuernachforderung bei steuerbegünstigten Investitionen
Explanation:
"Falls der Vermögensgegenstand als steuerbegünstigte Investition mit potenziellen Steuernachforderungen behaftet ist, ...."

...wäre in dem Kontext mein Vorschlag.

Hintergrund: "investment credit" bezeichnet eine Steuererleichterung bei bestimmten Investitionen, zB zur Strukturförderung in bestimmten Regionen. Die Steuerbegünstigung entfällt aber zB, wenn man den Vermögenswert vor einer bestimmten Frist verkauft. Dann kommt es zu einer Rückforderung der Steuererleichterung, sprich einer Steuernachforderung. Das ist die "investment credit recapture".
Selected response from:

Detva
United States
Local time: 13:33
Grading comment
Danke. Das sieht gut aus.
4 KudoZ points were awarded for this answer



Summary of answers provided
3Steuernachforderung bei steuerbegünstigten Investitionen
Detva


  

Answers


12 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Steuernachforderung bei steuerbegünstigten Investitionen


Explanation:
"Falls der Vermögensgegenstand als steuerbegünstigte Investition mit potenziellen Steuernachforderungen behaftet ist, ...."

...wäre in dem Kontext mein Vorschlag.

Hintergrund: "investment credit" bezeichnet eine Steuererleichterung bei bestimmten Investitionen, zB zur Strukturförderung in bestimmten Regionen. Die Steuerbegünstigung entfällt aber zB, wenn man den Vermögenswert vor einer bestimmten Frist verkauft. Dann kommt es zu einer Rückforderung der Steuererleichterung, sprich einer Steuernachforderung. Das ist die "investment credit recapture".



    Reference: http://https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Ta...
Detva
United States
Local time: 13:33
Meets criteria
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 4
Grading comment
Danke. Das sieht gut aus.
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