Inheritance Tax. (i) The Company has not entered into any transaction which has or may give rise to a direct or indirect charge to inheritance tax. (ii) The Company is not liable to be assessed to inheritance tax by virtue of Part VII Inheritance Tax ▇▇▇ ▇▇▇▇. (iii) No circumstances exist whereby any person could have the power to raise an amount of inheritance tax by sale or mortgage of or by a terminable charge on any of the Shares or assets of the Company as specified in Section 212 Inheritance Tax ▇▇▇ ▇▇▇▇. (iv) None of the Shares or assets of the Company is subject to an Inland Revenue charge within Section 237 Inheritance Tax ▇▇▇ ▇▇▇▇. (v) The Company is not entitled to an interest in possession in settled property.
Appears in 1 contract
Sources: Stock Purchase Agreement (First Sierra Financial Inc)
Inheritance Tax. (ia) The Company has not entered into any transaction which has or may give rise to a direct or indirect charge to inheritance tax.
(iib) The Company is not liable to be assessed to inheritance tax by virtue of Part VII of the Inheritance Tax ▇▇▇ ▇▇▇▇.
(iiic) No circumstances exist whereby There is no unsatisfied liability to inheritance tax attached or attributable to the Shares or any asset of the Company, and in consequence, no person could have has the power to raise an the amount of inheritance such tax by sale or mortgage of or by a terminable charge on any of the Shares or assets of the Company as specified mentioned in Section 212 Inheritance Tax ▇▇▇ ▇▇▇▇.
(iv) None Act 1984 and none of the Shares or assets of the Company is are subject to an Inland Revenue charge within Section 237 Inheritance Tax ▇▇▇ ▇▇▇▇.
(vd) The Company is not entitled to an interest in possession in settled property.
Appears in 1 contract
Sources: Agreement for the Sale and Purchase of Shares (Skynet Holdings Inc)
Inheritance Tax. (ia) The Company has not entered into any transaction which has or may give rise to a direct or indirect charge to inheritance tax.
(iib) The Company is not liable to be assessed to inheritance tax by virtue of Part VII Inheritance Tax ▇A▇▇ ▇▇▇▇.
(iiic) No circumstances exist whereby any person could have the power to raise an amount of inheritance tax by sale or mortgage of or by a terminable charge on any of the Shares or assets of the Company as specified in Section 212 Inheritance Tax ▇A▇▇ ▇▇▇▇.
(ivd) None of the Shares or assets of the Company is subject to an Inland Revenue charge within Section 237 Inheritance Tax ▇A▇▇ ▇▇▇▇.
(ve) The Company is not entitled to an interest in possession in settled property.
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