Definitions and interpretation
In this Agreement, unless the context otherwise requires the following expressions shall have the following meanings:
Relevant Proportion
means, for the purposes of clause, the maximum proportion of the Company’s [trading] losses [and other amounts eligible for relief from taxation] which is permitted by law to be surrendered to the relevant Shareholder (or member of its Shareholder Group) or, as appropriate, the maximum proportion of the Company’s trading profits against which the Shareholder (or member of its Shareholder Group) is permitted by law to surrender its [trading] losses [and other amounts eligible for relief from taxation];
VAT
means United Kingdom value added tax[ and any other tax imposed in substitution for it OR , any other tax imposed in substitution for it and any equivalent or similar tax imposed outside the United Kingdom];
Tax matters
**Trials are provided to all ÑÇÖÞÉ«ÇéÍø content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these ÑÇÖÞÉ«ÇéÍø services please email customer service via our online form. Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
* denotes a required field
To download the latest version of this document and thousands of others like it, sign-in with ÑÇÖÞÉ«ÇéÍø or register for a free trial.
Existing user? Sign-in DOWNLOAD THIS DOCUMENT GET A QUOTE
To access the full precedent document, register for a free Lexis+ trial
Arun Birla is a partner in the Tax practice of Paul Hastings. Mr. Birla advises UK and international clients on transactions involving M&A, private equity, investment funds, structured and asset finance, joint ventures, financing arrangements, corporate mergers, demergers, reorganisations, and restructurings. Author of:
Hannah Gray is an associate in the Tax practice of the London office of Paul Hastings. She has advised a number of UK based and international clients on structuring of financial products as well as on the corporate and tax (both direct and indirect tax) implications of a broad range of transactions covering M&A, private equity, investment funds and financing arrangements.
means distribute, disclose, store, use, analyse, copy, reproduce, extract, modify, or adapt in whole or in part.
Taxation of limited partnershipsThis Practice Note considers specific tax provisions relevant only to a limited partnership formed under English law (as opposed to a general partnership, a limited liability partnership (LLP) or a limited partnership formed under Scottish law).Like a general
Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application
0330 161 1234