Apr 5, 2014 19:26
10 yrs ago
1 viewer *
English term
Expertise and reliability
Native in: French 
, English
Works in: French to English, English to French
Clean capital
English to French
Bus/Financial
Finance (general)
This just means cash that will never be taxed in the UK. The author also mentions a "Clean Capital Account".
Apparently nothing to do with money not coming from criminal activities.
Apparently nothing to do with money not coming from criminal activities.
Proposed translations
(French)
| 3 -1 | capital exonéré d'impôt |
Frankie JB
|
| 4 +1 | fonds importés au R.U. hors revenu ou bénéfices |
Savvas SEIMANIDIS
|
| 4 | (compte de) capitaux purs |
Daryo
|
Proposed translations
-1
29 mins
Frankie JB
France
France
Native in French
Specializes in field
France
Neat style, nothing left to chance
Native in: French
Works in: English to French, German to French
Related KudoZ points
:
80
Selected
capital exonéré d'impôt
En me fiant à votre définition, et sans plus de détails (rien trouvé de précis par moi-même), c'est le concordant qui vient à l'esprit.
Les occurrences de "clean capital" parlent souvent à côté de plus values, ex :
There is no second chance to do so. Broadly, what a non-domiciliary needs to do is to establish a clean capital account that consists of capital or income or gains generated prior to becoming UK resident and several different accounts to hold the different categories of income and capital gains arising after they become resident. http://www.forsters.co.uk/cmsfiles/pdf/PH_PWM Handbook_Taxat...
Et l'emploi de "capital exonéré d'impôt" semble avoir lieu dans le même contexte (pas une garantie, certes) :
Pour vous-même, votre conjoint (s’il a le statut de salarié, de conjoint collaborateur ou d’associé) et vos salariés, les avantages sont identiques :
• Abondement de l’entreprise exonéré de charges sociales(1) et d’impôt sur le revenu,
• Plus-values du capital exonérées d’impôt à la sortie(2),
http://www.groupama.fr/file/multimediaelement/2014/acps/grou...
Au moment du départ en retraite dans le PERCO/PERCOI, les sommes sont au choix :
Laissées sur le compte et continuent à fructifier.
Perçues sous forme d’un capital exonéré d’impôt sur le revenu (sauf prélèvement sociaux sur les plus-values).
Converties en rente viagère acquise à titre onéreux, imposable en fonction de l’âge du bénéficiaire.
https://www.gestepargne.fr/Duree-de-blocage.html
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Note added at 33 mins (2014-04-05 20:00:08 GMT)
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Un emploi dans la même veine que votre cas :
Maurice offre un régime fiscal très favorable aux investisseurs. Le taux unique de 15% d’impôt sur le revenu, les dividendes et plus-values sur le capital exonéré d’impôt, et l’absence de droits de succession en ligne directe contribuent à faire de Maurice un paradis fiscal ensoleillé. Il existe aussi L’IRS et le RES qui ajoutent à la tentation de venir s’installer à Maurice...
http://archives-lepost.huffingtonpost.fr/article/2009/08/18/...
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Note added at 35 mins (2014-04-05 20:01:45 GMT)
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Pardon, ce dernier exemple est de mauvaise qualité...
Les occurrences de "clean capital" parlent souvent à côté de plus values, ex :
There is no second chance to do so. Broadly, what a non-domiciliary needs to do is to establish a clean capital account that consists of capital or income or gains generated prior to becoming UK resident and several different accounts to hold the different categories of income and capital gains arising after they become resident. http://www.forsters.co.uk/cmsfiles/pdf/PH_PWM Handbook_Taxat...
Et l'emploi de "capital exonéré d'impôt" semble avoir lieu dans le même contexte (pas une garantie, certes) :
Pour vous-même, votre conjoint (s’il a le statut de salarié, de conjoint collaborateur ou d’associé) et vos salariés, les avantages sont identiques :
• Abondement de l’entreprise exonéré de charges sociales(1) et d’impôt sur le revenu,
• Plus-values du capital exonérées d’impôt à la sortie(2),
http://www.groupama.fr/file/multimediaelement/2014/acps/grou...
Au moment du départ en retraite dans le PERCO/PERCOI, les sommes sont au choix :
Laissées sur le compte et continuent à fructifier.
Perçues sous forme d’un capital exonéré d’impôt sur le revenu (sauf prélèvement sociaux sur les plus-values).
Converties en rente viagère acquise à titre onéreux, imposable en fonction de l’âge du bénéficiaire.
https://www.gestepargne.fr/Duree-de-blocage.html
--------------------------------------------------
Note added at 33 mins (2014-04-05 20:00:08 GMT)
--------------------------------------------------
Un emploi dans la même veine que votre cas :
Maurice offre un régime fiscal très favorable aux investisseurs. Le taux unique de 15% d’impôt sur le revenu, les dividendes et plus-values sur le capital exonéré d’impôt, et l’absence de droits de succession en ligne directe contribuent à faire de Maurice un paradis fiscal ensoleillé. Il existe aussi L’IRS et le RES qui ajoutent à la tentation de venir s’installer à Maurice...
http://archives-lepost.huffingtonpost.fr/article/2009/08/18/...
--------------------------------------------------
Note added at 35 mins (2014-04-05 20:01:45 GMT)
--------------------------------------------------
Pardon, ce dernier exemple est de mauvaise qualité...
Peer comment(s):
| disagree |
Daryo
: good sources, but that is not a name for "clean capital" - it's the rationale for introducing this category (to avoid this capital being taxed in UK)// "need to go fast" is not a translation for "a car"
46 mins
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je ne vois pas en quoi c'est faux, au pire c'est inexact ou mal dit (en sachant que la définition fournie par le demandeur est visiblement inexacte/incomplète aussi). Un peu de modestie svp !
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4 KudoZ points awarded for this answer.
Comment: "Merci beaucoup, encore, Frankie."
1 hr
English term (edited):
clean capital (account)
(compte de) capitaux purs
"Clean Capital Account" = "clean" of anything else that is not just capital - no capital gains, no income of any kind
capitaux purs // uniquement de capitaux ...
"... Funding expenditure in the UK – foreign bank accounts should be reviewed. Most individuals will need to maintain at least three accounts –
---1--- one for income,
---2--- one for capital gains (neither of which can be remitted to the UK without a tax charge) and
---3--- one clean capital account. This should contain no income or gains, and can be used to fund tax-free UK spending. ‘Clean capital’ has a very specific meaning, however. ..."
[http://www.lexology.com/library/detail.aspx?g=c5759e97-c520-...]
capitaux purs // uniquement de capitaux ...
"... Funding expenditure in the UK – foreign bank accounts should be reviewed. Most individuals will need to maintain at least three accounts –
---1--- one for income,
---2--- one for capital gains (neither of which can be remitted to the UK without a tax charge) and
---3--- one clean capital account. This should contain no income or gains, and can be used to fund tax-free UK spending. ‘Clean capital’ has a very specific meaning, however. ..."
[http://www.lexology.com/library/detail.aspx?g=c5759e97-c520-...]
Peer comment(s):
| neutral |
Frankie JB
: 1) Ces capitaux peuvent très bien venir de plus-values ou revenus générés avant de résider au RU (cf. ma définition) ; 2) dans tous les cas il faudra ajouter des guillemets autour de "purs" car ça n'est pas un concept établi chez nous...
2 hrs
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ça n'est pas un concept établi chez nous... and it's also new in UK - it's a new type of taxation for those living in UK without being "tax domiciled" in UK so unsurprisingly new concepts were created.
|
+1
22 hrs
Savvas SEIMANIDIS
France
France
Native in French
Specializes in field
France
Engineering-Legal-Contracts-Finance
Native in: Greek , French
Works in: English to French, Greek to French, English to Greek, and 2 more.
Related KudoZ points
:
70
fonds importés au R.U. hors revenu ou bénéfices
Il s'agit d'un terme spécifique de la législation fiscale en vigueur au Royaume uni. Il concerne les personnes physiques qui deviennent fiscalement résidents du R.U. et importent des fonds de l'étranger vers le R.U. quel que soit l'objet du placement. Le montant de ces fonds, appelés "clean capital", peut être exonéré d'impôt sous certaines conditions.
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Note added at 22 hrs (2014-04-06 17:45:24 GMT)
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- For further details, you can refer to the following web site :
http://www.blplaw.com/media/how-can-we-help-you/private-clie...
- The above mentioned site provides a precise explanation of the term in question :
"If you become UK resident but remain not domiciled in the UK you can avoid UK tax on your offshore income and gains by ensuring that you only remit ‘clean’ capital to the UK. ‘Clean’ capital is capital that has not been mixed with any income or gains. "
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Note added at 2 days21 hrs (2014-04-08 17:19:40 GMT) Post-grading
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=> The explanation provided by the referenced web site, specialized in fiscal management issues, is quite clear : the term "clean capital" refers to investment source funds :
" It is important to consider, before you become resident in the
UK, how to organise your investments accounts and business
interests, so that you can access funds to cover your UK living
expenses with a minimum tax cost and to enable you to keep track
of the UK tax consequences of using different funds in the UK."
--------------------------------------------------
Note added at 22 hrs (2014-04-06 17:45:24 GMT)
--------------------------------------------------
- For further details, you can refer to the following web site :
http://www.blplaw.com/media/how-can-we-help-you/private-clie...
- The above mentioned site provides a precise explanation of the term in question :
"If you become UK resident but remain not domiciled in the UK you can avoid UK tax on your offshore income and gains by ensuring that you only remit ‘clean’ capital to the UK. ‘Clean’ capital is capital that has not been mixed with any income or gains. "
--------------------------------------------------
Note added at 2 days21 hrs (2014-04-08 17:19:40 GMT) Post-grading
--------------------------------------------------
=> The explanation provided by the referenced web site, specialized in fiscal management issues, is quite clear : the term "clean capital" refers to investment source funds :
" It is important to consider, before you become resident in the
UK, how to organise your investments accounts and business
interests, so that you can access funds to cover your UK living
expenses with a minimum tax cost and to enable you to keep track
of the UK tax consequences of using different funds in the UK."
Peer comment(s):
| agree |
GILLES MEUNIER
30 mins
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Merci Gilles !
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| agree |
François Begon
5 hrs
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Merci François !
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| disagree |
Daryo
: "importent des fonds de l'étranger vers le R.U. quel que soit l'objet du placement ? All this concept of "clean capital" is not about investing in UK, it's about spending money in UK without having to pay income tax on it.
9 hrs
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Dobar dan Daryo ! I have carefully read the
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Discussion
You missed the point, I'm afraid. You don't attract non-doms by slapping an additional tax on them.
It's a relatively new tax that is worsening the tax situation of non-doms residing in UK. It was introduced by the previous Labour government, (not the current one, as I realised after checking dates) not for the benefit of non-doms (it's an additional tax for them) but for the benefit of political point scoring.
In fact this stands for cash available prior to establishing in the UK. The idea is of course to avoid discouraging wealthy foreigners to come in and to spend some (or large amounts of) money. The source of the cash does not appear to be at all relevant here. And there is another issue that you did not bring up: these earnings may have previously been taxed in other jurisdictions. Double taxation might not be the best idea to attract them!
That is why I shall give Frankie the points.
All explained in details:
http://www.lexology.com/library/detail.aspx?g=c5759e97-c520-...
the only missing bit is that it'a a populist measure introduced few years ago by the current UK government to show how they are "tough on all these rich foreigners living in UK but not paying any income tax in UK" - I still remember how this subject refused to go away from the headlines until this tax was introduced.
I thought that "clean" might stand for "clean of taxes"if that means anything for you.