UK Taxation definition
Examples of UK Taxation in a sentence
In so far as UK Taxation is concerned, this refers to any amounts which might be required to recognised under Chapter IV Part XVII of ICTA (controlled foreign companies) or Section 13 TCGA (attribution of gains to members of certain non-resident companies).
Seller shall procure that no disallowances under Part 10 of the UK Taxation (International and Other Provisions) Act 2010 (“TIOPA”) are allocated to the Transferred Group Companies with respect to any Pre-Closing Tax Period or the Straddle Period, in relation to any “worldwide group” (as defined in Part 10 TIOPA) which includes Seller or its Affiliates.
Taxation in the UK Taxation in the US None, although if the policy falls within Paul’s estate it could be subject to inheritance tax.
For the purposes of UK Taxation a switch from Shares in one Fund to Shares in another Fund will generally be regarded as a disposal.
However, the Participant shall have no recourse of any kind against the Company (or relevant group company) if the incentives and tax relief provided by Part 7, chapter 9 and Schedule 5 ITEPA and Part 4, Schedule 7D U.K. Taxation of Chargeable Gains A▇▇ ▇▇▇▇ are not available, for whatever reason.
All transactions entered into by the Company and each Company Subsidiary have been entered into on terms that were arm’s length, and neither the Company nor any Company Subsidiary has been required by a Tax Authority to recognize an increase in its profits or a reduction in its losses for Tax purposes as a result of the application of Part 4 of the UK Taxation (International and Other Provisions) Act 2010 or as a result of equivalent transfer pricing rules in a jurisdiction outside the UK.
In the event that a UK Election is not delivered to the Purchaser in compliance with this Section 9.3(e), Sellers shall be liable for all Taxes arising under section 179 of the UK Taxation of Chargeable Gains ▇▇▇ ▇▇▇▇ or paragraphs 58 or 60 of Schedule 29 of the UK Finance ▇▇▇ ▇▇▇▇ in respect of any Chargeable Assets held by any Acquired Company, which arise or accrue as a result of Parent’s sale of Cogenics to Purchaser pursuant to this Agreement.
An application for clearance will not be made to HMRC under section 138 of the UK Taxation of Chargeable Gains Act 1992 in this regard.
As stated in Sections 1.8 and 5.5, it is the intent of the parties that the Purchase and Sale is intended to be a “reorganization” within the meaning of Section 368 of the Code and a reconstruction within Section 135 of the UK Taxation of Chargeable Gains ▇▇▇ ▇▇▇▇, and no party shall take any position inconsistent with this interpretation.
There is no contract, agreement, plan or arrangement, including, but not limited to, the provisions of this Agreement, covering any employee or former employee of Shuttle that, individually or collectively, could give rise to the payment of any amount that would not be deductible pursuant to Sections 280G, 162 or 404 of the U.S. Tax Code or for UK Taxation purposes.