Stamp Duty and Value Added Tax Clause Samples

The 'Stamp Duty and Value Added Tax' clause defines how responsibilities for paying stamp duty and VAT are allocated between the parties in a transaction. Typically, it specifies which party is liable for these taxes and outlines the procedures for payment, such as whether the buyer or seller must pay stamp duty on a property transfer or if VAT is to be added to the purchase price. This clause ensures clarity and prevents disputes by explicitly stating tax obligations, thereby allocating financial risk and compliance duties related to these taxes.
Stamp Duty and Value Added Tax. 7.21.1 To stamp and register the Lease and counterpart thereof in the Land Registry as soon as practicable after the execution thereof and to furnish in due course the counterpart duly stamped and registered together with a sealed and certified copy of the new leasehold folio to the Chief State Solicitor’s Office within six months of the date of execution of the Lease. 7.21.2 To pay any Value Added Tax arising from the grant of this Lease or termination or surrender of it or on the rents reserved by it or other payments becoming due hereunder (if any).
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Stamp Duty and Value Added Tax. (a) To pay to the Landlord the stamp duty payable on this Lease and the counterpart thereof and the Landlord undertakes to pay the stamp duty or cause the stamp duty to be paid to the Revenue Commissioners within 30 days of receipt from the Tenant, and to forward to the Tenant or cause to be forwarded to the Tenant an original stamp duty certificate following such payment. (b) The Landlord hereby notifies and confirms to the Tenant that it is exercising the Landlord's Option to Tax. (c) For the avoidance of doubt, the Tenant shall in addition to any other amounts payable under the Lease pay to the Landlord, within thirty days of the receipt of a valid VAT invoice, the amount of VAT arising in relation to any rent or other payments due under or in connection with this Lease and the Tenant shall keep the Landlord fully indemnified against such VAT. (d) In the event that the Tenant is liable to pay any costs incurred or borne by the Landlord in connection with this Lease, the Tenant shall also pay to the Landlord the amount of any VAT incurred or borne by the Landlord on such costs to the extent the VAT is not deductible by the Landlord. (e) At any time during the Term the Landlord may terminate the Landlord's Option to Tax in respect of the Lease by giving written notice in this effect to the Tenant. Any termination of the Landlord’s Option to Tax pursuant to this clause shall be at the sole discretion of the Landlord. (f) Where at any time during the Term the Landlord has terminated the Landlord's Option to Tax, the Landlord may thereafter from time to time during the Term exercise a Landlord's Option to Tax the rents and other sums payable under the Lease by giving notice to the Tenant pursuant to Section 97(1) of the VAT Act and where such notice is given the Tenant shall in addition to any amounts payable under this Lease pay to the Landlord the amount of VAT arising in relation to such amounts on the receipt of a valid VAT invoice and the Tenant shall keep the Landlord indemnified against such VAT, in accordance with Clause 4.33(c). (g) Where during the Term the Landlord's Option to Tax is at any time terminated pursuant to Section 97(1)(d)(iii), (iv) or (v) or Section 97(2) of the VAT Act as a result of a breach by the Tenant of clause 4.15 (Prohibited User) or clause 4.20 (Alienation) the Tenant hereby covenants to reimburse the Landlord on demand on a net of tax basis for the Landlord; (i) the amount of any VAT clawback or VAT payment obligations suf...
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Stamp Duty and Value Added Tax. To pay to the Landlord the stamp duty payable on this Lease and the counterpart thereof and to pay and indemnify the Landlord against any Value Added Tax payable on the delivery hereof or on the rents reserved herein. 13 Table of Contents
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Stamp Duty and Value Added Tax. To pay to the Landlord 4.22.1 any stamp duty payable on this Lease and its counterpart together with registration fees; 4.22.2 any Value Added Tax arising from the grant of this Lease or on the rents reserved by it.
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Stamp Duty and Value Added Tax. To pay to the Landlord (and/or the Management Company as the case may be):- 4.23.1 any stamp duty payable on this Lease in the sum of €822.50 and its counterpart together with registration fees; 4.23.2 any Value Added Tax arising from the grant of this Lease or on the rents reserved by it or payments made under this lease and where payment is made by the Landlord hereunder to reimburse the Landlord such sum inclusive of VAT paid by the Landlord thereon.
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Stamp Duty and Value Added Tax. 5.34.1 To pay to the Landlord the stamp duty payable on this Lease and the counterpart thereof and to pay and indemnify the Landlord against any Value Added Tax payable on the delivery hereof or on the rents reserved herein. 5.34.2 The Landlord notifies and confirms to the Tenant that the Landlord is hereby exercising the Landlord’s option to apply VAT to the Rent and other consideration payable in respect of this lease pursuant to section 97(1) of the VAT Act and that VAT is chargeable on the Rent and such other sums payable by the Tenant reserved by this lease subject to the production of a valid VAT invoice in advance.
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Stamp Duty and Value Added Tax. 5.34.1 To pay to the Landlord the stamp duty payable on this Lease and the counterpart thereof and to pay and indemnify the Landlord against any Value Added Tax payable on the delivery hereof or on the rents reserved herein. 5.34.2 The Landlord notifies and confirms to the Tenant that the Landlord is hereby exercising the Landlord’s option to apply VAT to the Rent and other consideration payable in respect of this lease pursuant to section 97(1) of the VAT Act and that VAT is chargeable on the Rent and such other sums payable by the Tenant reserved by this lease subject to the production of a valid VAT invoice in advance.
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Related to Stamp Duty and Value Added Tax

  • Value Added Tax (a) All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Party which (in whole or in part) constitute the consideration for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply, and accordingly, subject to paragraph (c) below, if VAT is chargeable on any supply made by any Finance Party to any Party under a Finance Document, that Party shall pay to the Finance Party (in addition to and at the same time as paying the consideration) an amount equal to the amount of the VAT (and such Finance Party shall promptly provide an appropriate VAT invoice to such Party). (b) If VAT is chargeable on any supply made by any Finance Party (the “Supplier”) to any other Finance Party (the “Recipient”) under a Finance Document, and any Party (the “Relevant Party”) is required by the terms of any Finance Document to pay an amount equal to the consideration for such supply to the Supplier (rather than being required to reimburse the Recipient in respect of that consideration), such Party shall also pay to the Supplier (in addition to and at the same time as paying such amount) an amount equal to the amount of such VAT. The Recipient will promptly pay to the Relevant Party an amount equal to any credit or repayment from the relevant tax authority which it reasonably determines relates to the VAT chargeable on that supply. (c) Where a Finance Document requires any Party to reimburse a Finance Party for any costs or expenses, that Party shall also at the same time pay and indemnify the Finance Party against all VAT incurred by the Finance Party in respect of the costs or expenses to the extent that the Finance Party reasonably determines that neither it nor any other member of any group of which it is a member for VAT purposes is entitled to credit or repayment from the relevant tax authority in respect of the VAT.