Glossary entry (derived from question below)
Swedish term or phrase:
koncernbidragsspärr
English translation:
group (surrender of loss) relief limit
Added to glossary by
Charlesp
Mar 20, 2015 07:50
9 yrs ago
5 viewers *
Swedish term
koncernbidragsspärr
Swedish to English
Bus/Financial
Law: Taxation & Customs
beloppsspärr and koncernbidragsspärr, related to the limitation for deductions with the acquisition of a company
Proposed translations
(English)
4 | group (surrender of loss) relief limit | Adrian MM. (X) |
Proposed translations
22 mins
Selected
group (surrender of loss) relief limit
A tax loss can be (UK/Oz) surrendered > (US) transferred vertically between the parent and a subsidiary or horizontally between subsidiaries or, apparently in this case, between corporate acquirer and target.
Example sentence:
Group relief (GR) is a system which considers group companies as one single company. Under the GR system, the unutilised capital allowances/trade losses/donations of the current year of one company will be deducted from the assessable income of the other
3 KudoZ points awarded for this answer.
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