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  3. Law: Taxation & Customs

líquido hereditario gravable

English translation: UK: net chargeable estate

03:29 Jan 30, 2021
Spanish to English translations [PRO]
Law/Patents - Law: Taxation & Customs
Spanish term or phrase: líquido hereditario gravable
Estoy traduciendo una declaración de impuesto sobre sucesiones venezolana:

"Autoliquidación del impuesto
1. Total bienes inmuebles
2. Total bienes muebles
3. Patrimonio hereditario bruto (1 + 2)
4. Activo hereditario bruto (patrimonio hereditario bruto)
5. Desgravámenes
6. Exenciones
7. Exoneraciones
8. Total de exclusiones (desgravámenes - exenciones - exoneraciones)

Patrimonio neto hereditario
9. Activo hereditario neto (activo hereditario bruto - total de exclusiones)
10. Total pasivo
11. Patrimonio neto hereditario o **líquido hereditario gravable** (activo hereditario neto - total pasivo)"

Para patrimonio neto hereditario hasta ahora he colocado "net inheritance".

Muchas gracias por su ayuda
Yvonne Becker
Local time: 20:25
English translation:UK: net chargeable estate
Explanation:
I think taxable 'net inheritance' is on the right lines, albeit refers to a share of inheritance and the not of the whole estate that I think is the scenario here.

'O' is conjunctive rather than disjunctive so another way of saying / a.k.a. Patrimonio or Ativo Neto Hereditario: Net assets of the estate Scots law: Net Hereditary Assets...

Note that, in the UK, chargeable means taxable and not mortgageable estate, besides which net means net of debts and legacies etc. but not of tax:

'Compare the value of the estate at the end of step 4 (the value of the estate that you’ll pay tax on known as the ‘chargeable estate’) with the available threshold at the end of step 5.'
Selected response from:

Adrian MM.
Austria
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2UK: net chargeable estate
Adrian MM.
4taxable estate
Francois Boye
3taxable inherited assets
Lisa Rosengard
3taxable residuary estate
Paola Migliaccio


  

Answers


8 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
UK: net chargeable estate


Explanation:
I think taxable 'net inheritance' is on the right lines, albeit refers to a share of inheritance and the not of the whole estate that I think is the scenario here.

'O' is conjunctive rather than disjunctive so another way of saying / a.k.a. Patrimonio or Ativo Neto Hereditario: Net assets of the estate Scots law: Net Hereditary Assets...

Note that, in the UK, chargeable means taxable and not mortgageable estate, besides which net means net of debts and legacies etc. but not of tax:

'Compare the value of the estate at the end of step 4 (the value of the estate that you’ll pay tax on known as the ‘chargeable estate’) with the available threshold at the end of step 5.'

Example sentence(s):
  • Art 282. Concepto- El patrimonio líquido *(gravable)* se determina restando el patrimonio bruto poseído por el contribuyente en el último día del año o periodo gravable, el monto de las deudas a cargo del mismo vigentes en esa fecha.
  • Activo Hereditario Neto – Pasivos (permitidos por ley) = Patrimonio Neto Hereditario o Líquido Hereditario Gravable

    Reference: http://jbbienesraices.blogspot.com/2013/07/inflacion-en-vene...
    Reference: http://www.gov.uk/guidance/work-out-what-part-of-your-estate...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 72
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans: I would be happy with this for UK but I don't know what our cross-pond colleagues would use
54 mins
  -> Thanks Chris. Possibly change chargeable - gravable - to 'taxable or subject to tax' > West, Lat. Am. etc. ESP > AmE
agree  Luis M. Sosa
5 hrs
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17 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
taxable estate


Explanation:
.A taxable estate is the total value of a deceased person's assets that are subject to taxation. The net assets subject to taxation equal the person’s total assets minus liabilities and minus the prescribed tax-deductible portion of assets left behind by the deceased that cross some minimum threshold, below which no estate tax is levied.

Source:https://www.investopedia.com/terms/t/taxableestate.asp#:~:te...

Francois Boye
United States
Local time: 20:25
Native speaker of: Native in FrenchFrench
PRO pts in category: 44
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7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
taxable inherited assets


Explanation:
Also 'taxable inherited liquid assets' is possible.
Self-assessment or self-payment of tax (auto-liquidación del impuesto)
(1) total real estate, total fixed assets
(2)non-secured assets, property or goods (movable assets)
(3) gross inherited wealth (estate or assets)
(4) gross inherited (heritable) assets
(5) tax relief, tax credits
(6) exemptions
(7) waivers or exemptions
(8) total number of exclusions
(9) total or net (combined) inherited wealth
(10) total liabilities
(11) taxable inherited (liquid) assets
(I found the above vocabulary using an on line translator aid.)

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Note added at 1 day 7 hrs (2021-01-31 11:22:51 GMT)
--------------------------------------------------

It's in connection with taxes applied to heritable or inherited estates, whereby lump sums or gross amounts which can be inherited are subject to taxation once they're above a certain numerical limit. Estates, assets or sums of money which are below a financial limit are not usually subject to taxation.
Non-secured assets, property or goods (movable assets) might be items such as furniture, musical instruments or art-work. Other more important assets, items or properties should be secured or insured.
Liabilities have negative values and they're considered as passive while assets have positive values and they are considered as active.

(Se trata de los impuestos que están aplicados al patrimonio heriditario bruto, de modo que el patrimonio bruto que puede ser hereditado está sujeto al sistema impositivo una vez llega a un cierto límite financiero. El activo bruto u el patrimonio, o las cuantías de dinero que no llegan al límite numérico no están sujetos normalmente al mismo sistema impositivo. Los muebles brutos (el total de los muebles activos) pueden ser objetos como los contenidos de una vivienda, provisiones u obras de arte o música. Otros activos más importantes o propiedades deben de estar asegurados (llevar seguros). Los pasivos tienen valores negativos mientras los activos tienen valores positivos.)

Lisa Rosengard
United Kingdom
Local time: 01:25
Native speaker of: English
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4 days   confidence: Answerer confidence 3/5Answerer confidence 3/5
taxable residuary estate


Explanation:
My opinion, hope it helps.

Paola Migliaccio
Ireland
Local time: 01:25
Specializes in field
Native speaker of: Italian
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