Glossary entry (derived from question below)
Italian term or phrase:
conferimento/trasferimento a saldi aperti
English translation:
the transfer [of undertaking/assets] shall take place at pre-closing values/balances
Added to glossary by
Heather Phillips
Mar 30, 2007 11:54
17 yrs ago
8 viewers *
Italian term
United Kingdom
35 years in the translation business
Native in: English 
Works in: Spanish to English, French to English, Italian to English, and 1 more.
conferimento/trasferimento a saldi aperti
Italian to English
Bus/Financial
Accounting
expert report valuing assets
The company is selling a business unit and the "operazione di conferimento sara effettuata a valori di libro, a saldi aperti e in regime di neutralita fiscale..."
Proposed translations
(English)
| 4 +1 | the transfer [of undertaking/assets] shall take place at pre-closing values/balances |
DCypher (X)
|
Proposed translations
+1
2 hrs
Selected
the transfer [of undertaking/assets] shall take place at pre-closing values/balances
Assets/the business activity/the undertaking will be transferred at "pre-closing value".
Following text uses the term "pre-closing" in context...although is not your exact context. Literature on EU Directives relating to demergers and reorganisations discusses the concept of tax neutrality (even between Member States). Your passage is clearly targeted at the tax treatment of the transaction.
“Pre-Closing Taxes” shall mean any Taxes imposed on any of the acquired Assets, the Sellers or the Company with respect to a pre-Closing Tax Period other than Taxes imposed on the Company by reason of transactions effected on the Closing Date after the closing while the Company is under the control of the Buyer including without limitation, any Taxes for which the Sellers or the Company are liable by reason of inclusion of Sellers or the Company or their predecessors in a consolidated, combined, unitary or similar Tax Return or similar filing, such as pursuant to Treasury regulations § 1.1502-6 or similar provision); "
Following text uses the term "pre-closing" in context...although is not your exact context. Literature on EU Directives relating to demergers and reorganisations discusses the concept of tax neutrality (even between Member States). Your passage is clearly targeted at the tax treatment of the transaction.
“Pre-Closing Taxes” shall mean any Taxes imposed on any of the acquired Assets, the Sellers or the Company with respect to a pre-Closing Tax Period other than Taxes imposed on the Company by reason of transactions effected on the Closing Date after the closing while the Company is under the control of the Buyer including without limitation, any Taxes for which the Sellers or the Company are liable by reason of inclusion of Sellers or the Company or their predecessors in a consolidated, combined, unitary or similar Tax Return or similar filing, such as pursuant to Treasury regulations § 1.1502-6 or similar provision); "
4 KudoZ points awarded for this answer.
Comment: "Thank you so much for the detailed response, I have a much clearer understanding now."
Something went wrong...