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uncapped realisation fee

Polish translation: nieograniczona opłata z tytułu sprzedaży aktywów

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:uncapped realisation fee
Polish translation:nieograniczona opłata z tytułu sprzedaży aktywów
Entered by: Frank Szmulowicz, Ph. D.

15:56 Mar 7, 2021
English to Polish translations [PRO]
Law/Patents - Law (general) /
English term or phrase: uncapped realisation fee
The trustee fee above is an uncapped realisation fee that will only be charged when assets are realised by the Official Receiver as trustee. It is not charged if a trustee other than the Official Receiver realises assets.

Pismo od Official Receiver o tym, że there is unlikely to be a payment to creditors in this case.

TIA
makawa
Local time: 05:01
nieograniczona opłata z tytułu sprzedaży aktywów
Explanation:
A realisation of an asset occurs where there is a transaction that results in the asset ceasing to be recognised in the company's balance sheet (CTA 2009, s. 734). The legislation also recognises the concept of a part-realisation (CTA 2009, s. 734(4)). This occurs where there is a transaction that results in a reduction in the accounting value of the asset (see, further, below). In both cases, a transaction includes any event giving rise to a gain recognised for accounting purposes (e.g. insurance proceeds on the loss of an asset). If the asset has already been fully written off for tax purposes, then the rules have to be applied hypothetically.

Proceeds of realisation: meaning
The proceeds of the realisation are defined as the amount recognised for accounting purposes as the proceeds of realisation reduced by any incidental costs of realisation recognised for accounting purposes (CTA 2009, s. 739).

https://library.croneri.co.uk/cch_uk/btr/723-300#:~:text=A r...


What Is a Realized Gain?
A realized gain results from selling an asset at a price higher than the original purchase price. It occurs when an asset is sold at a level that exceeds its book value cost.

While an asset may be carried on a balance sheet at a level far above cost, any gains while the asset is still being held are considered unrealized as the asset is only being valued at fair market value. If selling an asset results in a loss, there is a realized loss instead.

https://www.investopedia.com/terms/r/realizedprofit.asp
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 23:01
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
2nieograniczona opłata z tytułu sprzedaży aktywów
Frank Szmulowicz, Ph. D.
2nielimitowana opłata z tytułu upłynnienia aktywów (majątkowych upadłego)
mike23


  

Answers


47 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
nieograniczona opłata z tytułu sprzedaży aktywów


Explanation:
A realisation of an asset occurs where there is a transaction that results in the asset ceasing to be recognised in the company's balance sheet (CTA 2009, s. 734). The legislation also recognises the concept of a part-realisation (CTA 2009, s. 734(4)). This occurs where there is a transaction that results in a reduction in the accounting value of the asset (see, further, below). In both cases, a transaction includes any event giving rise to a gain recognised for accounting purposes (e.g. insurance proceeds on the loss of an asset). If the asset has already been fully written off for tax purposes, then the rules have to be applied hypothetically.

Proceeds of realisation: meaning
The proceeds of the realisation are defined as the amount recognised for accounting purposes as the proceeds of realisation reduced by any incidental costs of realisation recognised for accounting purposes (CTA 2009, s. 739).

https://library.croneri.co.uk/cch_uk/btr/723-300#:~:text=A r...


What Is a Realized Gain?
A realized gain results from selling an asset at a price higher than the original purchase price. It occurs when an asset is sold at a level that exceeds its book value cost.

While an asset may be carried on a balance sheet at a level far above cost, any gains while the asset is still being held are considered unrealized as the asset is only being valued at fair market value. If selling an asset results in a loss, there is a realized loss instead.

https://www.investopedia.com/terms/r/realizedprofit.asp

Frank Szmulowicz, Ph. D.
United States
Local time: 23:01
Works in field
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 2095
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2 days 55 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
nielimitowana opłata z tytułu upłynnienia aktywów (majątkowych upadłego)


Explanation:
nielimitowana opłata z tytułu upłynnienia aktywów (majątkowych upadłego)

https://www.insolvencydirect.bis.gov.uk/TechnicalManual/Ch25...

mike23
Poland
Local time: 05:01
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 2273
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