Translation of "Beteiligungen an kapitalgesellschaften" in English

The funds foresee open investment by capital companies of up to EUR 1 million maximum.

Plans for open participation in capital companies with a maximum of EUR1 million are being made.

The Group holds interests in excess of five percent of the voting shares in the following large corporations:

Under the above provision, VCCs in the legal form of a partnership which are engaged only in the acquisition, holding, management and sale of venture capital holdings and which have holdings only in incorporated companies shall be treated for income tax purposes as companies carrying out asset management activities.

Private shareholders will be able to sell their stakes in corporations after a minimum holdingperiod of one year without paying tax as before, unless they have a substantial interest.However, the threshold for what constitutes a substantial interest will be reduced from 10%to 1% as from 2002.

Until 31 December 1998 it was possible in Germany under Section 6(b) of the Income Tax Law for investment companies to include, without attracting tax, profits from the sale of shares in incorporated firms in the acquisition costs of newly acquired shares in other incorporated firms.

The increasing internationalization of capital holdings in companies and the development of European and world trade has made it necessary to provide for the merger of companies registered in different Member States.

This shall not include investments in public limited companies listed on the stock exchange as long as such investment does not grant to the Reseller significant influence on the company.

So, before you finally say goodbye to your homeland, you should divest shareholdings in corporations greater than 1 percent, or give them away as part of the anticipated succession.

When transferring operating assets, a special feature must be taken into account: In addition to the transfer to book values of companies sub-companies and participations in corporations, it is also possible to transfer individual assets while avoiding the discovery of the hidden reserves (withdrawal profit).

Under the terms of Article 6 of the German law on tax relations with foreign countries, individual taxpayers who have been subject to unlimited income tax liability in Germany for a period of at least ten years and who have held a direct or indirect participation in a German limited company of at least one percent during the last five years, are subject to German income tax on their unrealised capital gains if they leave the country.

The sale of privately held shares in an incorporated firm, unless sold speculatively as under Section 23 of the Income Tax Law, is not taxed provided that the shareholding is not more than 10%.

This concerns income from commercial or technical consulting (consultant), from asset management; wages and other remunerations from a substantial stake in a joint stock company (e.g. shareholder/managing director with a stake of more than 25%); as well as income from activities as a writer, lecturer, scientist, teacher or educator.

A German citizen who has moved from Germany to Austria and holds a major participation in a German company intends to contribute its participation into a German foundation.