Base Values. 8.1.1 The Disclosure Letter contains full and accurate particulars of:
(a) the extent to which the book value of an asset or a particular class of assets as shown in the Audited Accounts is in excess of either:
(1) the amount falling to be deducted under s.38 TCGA 1992 from the consideration receivable on a disposal of that asset, or
(2) the balance of the qualifying expenditure attributable to that asset or pool of assets, as the case may be, brought forward into the accounting period in which Completion will occur and save to the extent disclosed, no such excess exists; and
(b) the extent to which provision for Tax in respect of such excess has been made in the Audited Accounts.
8.1.2 No election under s.35 TCGA 1992 is in effect in relation to the Company and full particulars are given in the Disclosure Letter of the first relevant disposal for the purposes of the said s.35.
8.1.3 The Disclosure Letter contains full and accurate particulars of all assets held by the Company on or after 6 April 1988 in respect of which relief is or would be available under Schedule 4 TCGA 1992 upon disposal.
Base Values. 5.4.1 If each of the capital assets or pool of assets other than trading stock of the Company were disposed of at Completion for a consideration equal to the book value of that asset or pool in, or adopted for the purpose of, the Accounts, no liability to corporation tax on chargeable gains and no balancing charge under the Capital Allowances Act 1990 (or corresponding tax in any jurisdiction) in relation to any such asset or pool of assets would arise.
Base Values. 7.1.1. The Disclosure Letter contains full and accurate particulars of:
a) the extent to which the book value of an asset or a particular class of assets as shown in the Audited Accounts is in excess of the amount falling to be deducted under section 38 of the TCGA 1992 from the consideration receivable on a disposal of that asset; and
b) the extent to which provision for Taxation in respect of such excess has been made in the Audited Accounts.
Base Values. 8.1.1 The Disclosure Letter contains full and accurate particulars of:
(a) the extent to which the book value of an asset or a particular class of assets as shown in the Audited Accounts is in excess of either:-
(1) the amount falling to be deducted under Section 38 TCGA 1992 from the consideration receivable on a disposal of that asset, or
(2) the balance of the qualifying expenditure attributable to that asset or pool of assets, as the case may be, brought forward into the accounting period in which Completion will occur and save to the extent disclosed, no such excess exists; and
(b) the extent to which provision for Tax in respect of such excess has been made in the Audited Accounts.
Base Values. The expenditure attributable to any asset allowable in the computation of any chargeable gain or allowable loss is not less than the value of the asset shown in the Audited Balance Sheet.
Base Values. If each of the capital assets of the Company were disposed of for a consideration equal to the book value of that asset in or adopted for the purpose of the Accounts or the Management Accounts no liability to corporation tax on chargeable gains or balancing charge in connection with the Capital Xxxxxxxxxx Xxx 0000 or Section 810(4)(b) of the Taxes Act would arise (and for this purpose there shall be disregarded any relief and allowances available to the Company other than amounts falling to be deducted from the considerations receivable under Section 38 of the Gains Tax Act and all capital allowances available to the Company have or will be made prior to the date hereof and there is no reason for any such allowances to be reduced postponed or disallowed
Base Values. (1) The Disclosure Letter contains full and accurate particulars of:
(a) the extent to which the book value of an asset or a particular class of asset as shown in the Audited Accounts is in excess of either:
(i) the amount falling to be deducted under the TCGA Section 38 from the consideration receivable on a disposal of that asset; or
(ii) the balance of the qualifying expenditure attributable to that asset or pool of assets (as the case may be) brought forward into the accounting period in which Completion will occur and save to the extent disclosed no such excess exists; and
(b) the extent to which provision for taxation in respect of such excess has been made in the Audited Accounts.
(2) No election under the TCGA Section 35 is in effect in relation to the Company and full particulars are given in the Disclosure Letter of the first relevant disposal for the purposes of the said Section 35.
(3) The Disclosure Letter contains full and accurate particulars of all assets held by the Company on or after 6th April 1988 in respect of which relief is or would be available under TCGA Schedule 4 upon disposal.
3.17 Roll-over Relief The Disclosure Letter contains accurate particulars of all assets currently held in respect of which claims have been made by the Company under TCGA Sections 152 to 156, 158, 242 to 245, 247 or 248 and no such claim or other claim has been made by any other person which affects or could affect the amount or value of the consideration or the acquisition of any asset by the Company taken into account in calculating liability to corporation tax on chargeable gains on a subsequent disposal.
3.18 Pre-entry Losses The Disclosure Letter contains details of all pre-entry losses falling within Schedule 7A paragraph 1(2)(a) of the TCGA which have or will have accrued to the Company prior to Completion and details of all assets which if disposed of on Completion would give rise to an allowable loss.
Base Values. If each of the capital assets of the Company were disposed of for a consideration equal to its book value in or adopted for the purpose of the Accounts, no liability to corporation tax on chargeable gains and no balancing charge under the Capital Alloxxxxxx Xxx 0000 xx the Finance Act 0000 xx ICTA would arise (and for this purpose there shall be disregarded all reliefs and allowances available to the Company other than amounts falling to be deducted from the consideration receivable under section 38 TCGA).
Base Values. (1) The Disclosure Letter contains full and accurate particulars of:
(a) the extent to which the book value of an asset or a particular class of assets as shown in the Audited Accounts is in excess of:
(i) the amount falling to be deducted under s 38 of the TCGA 1992 from the consideration receivable on a disposal of that asset;
(ii) the balance of the qualifying expenditure attributable to that asset or pool of assets, as the case may be, brought forward into the accounting period in which Completion will occur and save to the extent disclosed, no such excess exists; and
(b) the extent to which provision for taxation in respect of such excess has been made in the Audited Accounts.
(2) No election under s 35 of the TCGA 1992 is in effect in relation to the Company and full particulars are given in the Disclosure Letter of the first relevant disposal for the purposes of the said s 35.
(3) The Disclosure Letter contains full and accurate particulars of all assets held by the Company on or after 6 April 1988 in respect of which relief is or would be available under Schedule 4 of the TCGA 1992 upon disposal.
(4) No asset owned by the Company is subject to a deemed disposal and re-acquisition under Schedule 2, TCGA so as to restrict the extent to which the gain or loss over the period of ownership may be apportioned by reference to straight-line growth.
Base Values. If each of the capital assets of the Company were disposed of for a consideration equal to the book value of that asset in, or adopted for the purpose of, the Accounts, no liability to corporation tax on chargeable gains or balancing charge under CAA 1990 would arise (and for this purpose there shall be disregarded any relief and allowances available to the Company other than amounts falling to be deducted from the consideration receivable under Section 38 CGA 1992).
