Common use of Inheritance Tax Clause in Contracts

Inheritance Tax. (i) The Company has not: (1) made any transfer of value within Sections 94 and 202 of IHTA 1984; or (2) received any value such that liability might arise under Section 199 of IHTA 1984; or (3) been a party to associated operations in relation to a transfer of value as defined by Section 268 of IHTA 1984. (ii) There is no unsatisfied liability to inheritance tax attached to, or attributable to, the Shares or any asset of the Company. None of them are subject to any HM Revenue & Customs charge as mentioned in Section 237 and 238 of IHTA 1984. (iii) No asset owned by the Company, nor the Shares, are liable to be subject to any sale, mortgage or charge by virtue of Section 212(1) of IHTA 1984.

Inheritance Tax. (i) 8.1 The Company has not: (1) not made any transfer of value within Sections sections 94 and 202 of the IHTA 1984; or (2) , nor has it received any value such that liability might arise under Section section 199 of the IHTA 1984; or (3) , nor has it been a party to associated operations in relation to a transfer of value as defined by Section section 268 of the IHTA 1984. (ii) 8.2 There is no unsatisfied liability to inheritance tax attached to, to or attributable to, to the Sale Shares or any asset of the Company. None Company and none of them are subject to any HM Inland Revenue & Customs charge as mentioned in Section section 237 and 238 of the IHTA 1984. (iii) 8.3 No asset owned by the Company, nor the Sale Shares, are liable to be subject to any sale, mortgage or charge by virtue of Section section 212(1) of the IHTA 1984.

Inheritance Tax. (i) 9.1 The Company has not: (1) neither made any transfer of value within Sections sections 94 and 202 of the IHTA 1984; or (2) , nor has it received any value such that liability might arise under Section section 199 of the IHTA 1984; or (3) , nor has it been a party to associated operations in relation to a transfer of value as defined by Section section 268 of the IHTA 1984. (ii) 9.2 There is no unsatisfied liability to inheritance tax attached to, to or attributable to, to the Sale Shares or any asset of the Company. None Company and none of them are subject to any HM Revenue & Customs charge as mentioned in Section section 237 and 238 of the IHTA 1984. (iii) 9.3 No asset assets owned by the Company, nor Company or the Shares, Sale Shares are liable to be subject to any sale, mortgage or charge by virtue of Section section 212(1) of the IHTA 1984.

Inheritance Tax. (i) 20.1 The Company has not: (1) 20.1.1 made any transfer of value within Sections sections 94 and 202 of Inheritance Tax ▇▇▇ ▇▇▇▇ (“IHTA 1984”); or (2) 20.1.2 received any value such that liability might arise under Section section 199 of IHTA 1984; or (3) 20.1.3 been a party to associated operations in relation to a transfer of value as defined by Section section 268 of IHTA 1984. (ii) 20.2 There is no unsatisfied liability to inheritance tax attached to, or attributable to, the Shares or any asset of the Company. None of them are is subject to any HM Inland Revenue & Customs charge as mentioned in Section section 237 and 238 of IHTA 1984. (iii) 20.3 No asset owned by the Company, nor the Shares, are is liable to be subject to any sale, mortgage or charge by virtue of Section section 212(1) of IHTA 1984.

Inheritance Tax. (i) 11.1 The Company has not: (1) 11.1.1 made any transfer of value within Sections sections 94 and 202 of IHTA 1984; or (2) 11.1.2 received any value such that liability might arise under Section section 199 of IHTA 1984; or (3) 11.1.3 been a party to associated operations in relation to a transfer of value as defined by Section section 268 of IHTA 1984. (ii) 11.2 There is no unsatisfied liability to inheritance tax attached to, or attributable to, the Sale Shares or any asset of the Company. None of them are subject to any HM Revenue & Customs HMRC charge as mentioned in Section section 237 and 238 of IHTA 1984. (iii) 11.3 No asset owned by the Company, nor the Sale Shares, are liable to be subject to any sale, mortgage or charge by virtue of Section section 212(1) of IHTA 1984.

Inheritance Tax. (ia) The Company has not: (1i) made any transfer of value within Sections sections 94 and 202 of IHTA 1984; or (2ii) received any value such that liability might arise under Section section 199 of IHTA 1984; or (3iii) been a party to associated operations in relation to a transfer of value as defined by Section section 268 of IHTA 1984. (iib) There is no unsatisfied liability to inheritance tax attached to, or attributable to, the Sale Shares or any asset of the Company. None of them are subject to any HM Revenue & Customs charge as mentioned in Section section 237 and 238 of IHTA 1984. (iiic) No Neither any asset owned by the Company, nor the Sale Shares, are liable to be subject to any sale, mortgage or charge by virtue of Section section 212(1) of IHTA 1984.

Inheritance Tax. (i) 15.1 The Company has not: (1a) made any transfer of value within Sections Clauses 94 and 202 of IHTA 1984; or (2b) received any value such that liability might arise under Section Clause 199 of IHTA 1984; or (3c) been a party to associated operations in relation to a transfer of value as defined by Section Clause 268 of IHTA 1984. (ii) 15.2 There is no unsatisfied liability to inheritance tax attached to, or attributable to, the Shares or any asset of the Company. None of them are subject to any HM Inland Revenue & Customs charge as mentioned in Section Clauses 237 and 238 of IHTA 1984. (iii) . No asset owned by the Company, nor Company or the Shares, are liable to be subject to any power of sale, mortgage or charge by virtue of Section Clause are liable to be 212(1) of IHTA 1984.

Inheritance Tax. (i) 14.1 The Company has not: (1a) made any transfer of value within Sections sections 94 and 202 of IHTA 1984; or (2b) received any value such that liability might arise under Section section 199 of IHTA 1984; or (3c) been a party to associated operations in relation to a transfer of value as defined by Section section 268 of IHTA 1984. (ii) 14.2 There is no unsatisfied liability to inheritance tax attached to, or attributable to, the Sale Shares or any asset of the Company. None of them are subject to any HM Inland Revenue & Customs charge as mentioned in Section section 237 and 238 of IHTA 1984. (iii) 14.3 No asset owned by the Company, nor the Sale Shares, are liable to be subject to any sale, mortgage or charge by virtue of Section section 212(1) of IHTA 1984.