Option to Tax definition

Option to Tax means an option to tax within the meaning of paragraph 2 Schedule 10 of the VAT Act;
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Option to Tax means a valid option to tax, election to waive the exemption or real estate election in relation to the Property pursuant to schedule 10 of the VAT Act;
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Option to Tax means an option to tax land pursuant to Schedule 10 VATA 1994.
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Examples of Option to Tax in a sentence

  • The Landlord further acknowledges and agrees that where the Landlord’s Option to Tax is terminated the Landlord shall during the term of this lease avail in so far as it is able of the next opportunity to re-exercise the Landlord’s Option to tax and shall use reasonable endeavours to procure that any claim for a credit or refund of VAT due to the Landlord as a result of such re-exercise is processed expeditiously.

  • By way of example, the conversion of options under Section 3.02(a)(i) shall be made in a manner that will not subject a Converted Option to Tax under Section 409A of the Code or cause any such Converted Option that was intended to be an incentive stock option (within the meaning of Section 422 of the Code) to fail to be an incentive stock option.

  • Any termination of the Landlord’s Option to Tax shall be at the sole discretion of the Landlord.

  • So while the Diesel 1 program consistently earns marks of "3" , meaning that all benchmarks were met, those same students aren't indicated in the Perkins report once they begin the 2nd half of their program.

  • If the Landlord exercises the Option to Tax, written notification of it shall issue to the Tenant.

  • It is hoped to arrange a working group meeting as soon as possible.• Cllr Biggin reported that the cameras have been installed in readiness for the CCTV throughout Downend High Street.• Cllr Ottewell reported the need to make an Option to Tax in relation to the Bromley Heath pavilion/VAT.

  • The parties agreed that the burden of proof on the uniformity issue, however, remained with Lexington Square.

  • Option to Tax applications had been submitted which means the following properties owned or leased by the Town Council are not opted in Burntwood, Grove Hall, Longhouse, Moorthorpe Station Building.HMRC new log in details have finally been received and subsequently the outstanding VAT submission has now taken place.

  • Options to tax are only in place on a limited number of buildings (see Option to Tax heading in this document.)Where charges are made for the use of equipment, the entire charge, including that for the room, is subject to VAT.The letting of rooms for the purpose of a supply of catering, e.g., halls for weddings, dinners, parties etc., is taxable.

  • Authority unable to recover VAT incurred in cost of construction unless Option to Tax exercised before development commences.


More Definitions of Option to Tax

Option to Tax means an option to tax a property for VAT purposes pursuant to Article 137 of EC Council Directive 2006/112 on the common system of value added tax or any similar rules in accordance with the Law relating to VAT in any other jurisdiction;
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Option to Tax a landlord’s option to tax the rents and other consideration payable under this Lease pursuant to section 97(1)(a) (i) and (ii) of the VAT Act “Permitted Use” use as offices
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Option to Tax has the meaning given to it in Part 1 of Schedule 10 to the VATA 1994. Permitted Use: [insert use] within Use Class E (e) of the Town and Country Planning (Use Classes) Order 1987 (as at the date this lease is granted and as amended by the Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020)
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Option to Tax means an Option to Tax the Property for VAT purposes pursuant to part 1 of schedule 10 of the Value Added Tax Xxx 0000.
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Related to Option to Tax

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Option to Renew is defined in subsection 6.1 of this Agreement.

  • Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Option Fee means an amount equal to 7% of the Specified Amount;

  • Option means a stock option granted pursuant to the Plan.

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • Option to Extend has the meaning given that term in Section 2.13.

  • Option Payment shall have the meaning set forth in Section 3.4.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Optioned Shares means the shares of Common Stock that are issued pursuant to the exercise of the Options;

  • Election to Terminate means an Election to Terminate substantially in the form of Exhibit H hereto.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Invitation to Tender or "ITT" means the Invitation to Tender issued by the Authority on 14/11/2012;

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Option 2 Annual Actual O&M Expenses