Inheritance Tax. 3.19.1 The Company has not made a transfer of value (as defined in ITA s3 (Transfers of value)). 3.19.2 No Inland Revenue charge for unpaid inheritance tax (as provided by ITA ss237 and 238 (Inland Revenue charge for unpaid tax)) is outstanding over an asset of the Company or in relation to shares in the capital of the Company. 3.19.3 There are not in existence any circumstances whereby any power mentioned in ITA s212 (Powers to raise tax) could be exercised in relation to any shares, securities or other assets of the Company, or could be exercised but for ITA s204(6) (Limitation of liability).
Appears in 1 contract
Sources: Agreement for the Sale and Purchase of Share Capital (Healthworld Corp)
Inheritance Tax. 3.19.1 3.23.1 The Company has not at any time made a transfer of value (as defined in ITA s3 s 3 (Transfers of valueValue)).
3.19.2 3.23.2 No Inland Revenue charge for unpaid inheritance tax (as provided by ITA ss237 ss 237 and 238 (Inland Revenue charge for unpaid tax)) is outstanding over an any asset of the Company Company, or in relation to any shares in the capital of the CompanyCompany is outstanding.
3.19.3 There are not in existence any 3.23.3 No circumstances exist whereby any power mentioned in ITA s212 s 212 (Powers to raise tax) could be exercised in relation to any shares, securities or other assets of the Company, or could be exercised but for ITA s204(6s 204(6) (Limitation of liability).
Appears in 1 contract
Sources: Share Sale Agreement (Unicomp Inc)
Inheritance Tax. 3.19.1 3.25.1 The Company has not made a transfer of value (as defined in ITA s3 (Transfers of value)).
3.19.2 3.25.2 No Inland Revenue charge for unpaid inheritance tax (as provided by ITA ss237 and 238 (Inland Revenue charge for unpaid tax)) is outstanding over an asset of the Company or in relation to shares in the capital of the Company.
3.19.3 3.25.3 There are not in existence any circumstances whereby any power mentioned in ITA s212 (Powers to raise tax) could be exercised in relation to any shares, securities or other assets of the Company, or could be exercised but for ITA s204(6s264(6) (Limitation of liability).
Appears in 1 contract
Sources: Agreement for the Sale and Purchase of the Share Capital (Healthworld Corp)