Capital Losses Clause Samples
The Capital Losses clause defines how losses from the sale or disposition of capital assets are treated under the agreement. Typically, it outlines whether such losses can be used to offset capital gains, how they are reported, and any limitations on their use within the context of the contract. For example, it may specify that only certain types of capital losses are eligible or set a timeframe for when losses must be realized. The core function of this clause is to provide clarity and consistency in the treatment of capital losses, helping parties manage tax implications and financial reporting.
Capital Losses. Details of all capital losses available for carry-forward by the Company are set out in the Disclosure Letter.
Capital Losses. No capital loss has occurred to the Company or any Subsidiary in disqualifying circumstances within the meaning of section 8(2)(b) of TCGA 1992.
Capital Losses. No capital loss has accrued to the Company or any Subsidiary that is a loss within the meaning of either section 8 or section 16A of TCGA 1992.
Capital Losses. Details of all capital losses available for use by the Company or any Subsidiary are set out in the Disclosure Schedule (including, if applicable, any available fractions in respect of that loss).
Capital Losses. No capital loss has accrued to the Company that is a loss within the meaning of Section 8 or 16A of the Taxation of Capital Gain A▇▇ ▇▇▇▇.
Capital Losses. 3.1 No capital loss has accrued to the Company or any Subsidiary that is a loss within the meaning of either section 8 or section 16A of TCGA 1992.
3.2 No allowable loss has accrued to the Company or any Subsidiary to which section 18(3) of TCGA 1992 would apply.
3.3 No allowable loss which might accrue on the disposal by the Company or any Subsidiary of any share in, or security of, any company is likely to be reduced by virtue of sections 176 and 177 of TCGA 1992.
Capital Losses. No loss which might accrue on the disposal by the Company of any asset is liable to be reduced or eliminated and no chargeable gain is liable to be created or increased by virtue of any depreciatory transaction or any reduction in value of that or any related asset for the purposes of corporation tax on chargeable gains or any corresponding tax of any relevant foreign jurisdiction.
Capital Losses. The Company has no capital losses the set-off of which are or may be restricted by section 177A and Schedule ▇▇, ▇▇▇▇.
Capital Losses. The Company has no capital losses the set-off of which are or may be restricted by ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇.
Capital Losses. To the best of the knowledge of the Vendor, BCR has no net capital losses for the purposes of the Income Tax Act (Canada).