¶¶Òõ¶ÌÊÓƵ

💰 Tax warranties

A tax warranty is a written agreement between a taxpayer and the Internal Revenue Service in which the taxpayer agrees to pay a specified amount of tax liability. The agreement is binding on both parties and is enforced by the courts.

Note: Working on a legal issue?

💰 Tax warranties templates

Detailed Tax Warranties For Share Purchase Agreements

This legal template is a comprehensive document that outlines the detailed tax warranties for share purchase agreements in accordance with the laws of the United Kingdom. These warranties serve as representations and assurances provided by the seller to the buyer regarding the tax-related aspects of the shares being acquired.

The template covers various tax-related matters, such as compliance with UK tax laws, accuracy of tax returns and filings, payment of taxes, absence of tax disputes or investigations, and warranties regarding the availability of tax reliefs, allowances, or exemptions.

Furthermore, this template might include warranties pertaining to the transfer pricing policies, Value Added Tax (VAT) obligations, tax residency status, tax implications of any ongoing or future transactions, potential tax liabilities, and other relevant tax considerations.

By utilizing this legal template, the parties involved in a share purchase agreement can clearly define the representations and warranties related to tax matters. This helps to establish transparency, minimize potential risks, and provide a certain level of assurance regarding the tax position of the seller and the acquired shares.

It is essential to note, however, that this template is not a substitute for professional legal advice. Users should consult with qualified legal professionals to ensure the template is customized to their specific transaction and in compliance with the applicable UK tax laws and regulations.
Read More
TEMPLATE
USED BY
100K
RATINGS
4.5
DISCUSSIONS
10

Non-UK Tax Warranty

This legal template is specifically designed to address the non-UK tax warranties in the context of UK law. Non-UK tax warranties refer to the promises and statements made by a party involved in a commercial transaction, typically in the form of representations or guarantees, regarding the tax obligations and liabilities of a non-UK entity or individual.

Under UK law, this template seeks to define and establish the terms and conditions of these non-UK tax warranties. It outlines the various representations made by the party involved regarding the tax position and compliance of the non-UK entity, providing assurances on matters such as the accuracy of tax returns, absence of tax liabilities, compliance with tax laws, and any ongoing or pending tax audits or investigations.

The template further enforces the obligations and responsibilities of the party making these non-UK tax warranties, highlighting the consequences of any breaches or inaccuracies in the provided statements. It may include provisions for indemnification, dispute resolution mechanisms, and limitations of liability for the involved parties.

This legal template aims to provide a comprehensive framework to ensure transparency and protection for all parties involved in such transactions under UK law. It assists in mitigating potential disputes and liabilities arising from non-UK tax matters by clearly outlining the expectations and responsibilities of the parties and establishing a legally binding agreement.
Read More
TEMPLATE
USED BY
100K
RATINGS
4.5
DISCUSSIONS
10

Tax Warranty

The legal template "Tax Warranty under UK law" is a comprehensive document that outlines the specific warranties and representations relating to tax matters in a business transaction or agreement within the jurisdiction of the United Kingdom. This template is specifically designed to govern the tax-related aspects of a transaction, providing legal obligations, responsibilities, and liability protections for both parties involved.

The document is intended to establish clear guidelines and assurances regarding the accuracy, completeness, and compliance of the tax-related information provided by the seller or target company. It includes provisions addressing various tax-related matters, such as the accuracy of tax returns, assessments, and payments made by the target company or seller.

The tax warranty template defines the specific information and disclosures required by the seller or target company regarding their tax affairs. It imposes legal obligations on the seller to ensure that there are no undisclosed tax liabilities or potential tax risks associated with the transaction.

Furthermore, the template also outlines the potential consequences, liabilities, and remedies in case of breaches or inaccuracies found in the tax warranty. It may include indemnification clauses, which require the seller to compensate the buyer for any losses, penalties, or additional tax liabilities arising due to inaccuracies in the tax warranties.

Using this legal template provides a structured framework for parties involved in a transaction to address critical tax-related concerns. By establishing clear warranties and responsibilities, it helps mitigate potential risks and uncertainties associated with tax matters and promotes transparency between the parties.
Read More
TEMPLATE
USED BY
100K
RATINGS
4.5
DISCUSSIONS
10

Associated business activities

Buy shares in a company

Many people buy shares in a company for different reasons, including investment, profit, or support. Sometimes people buy shares to take control of the company or to get a seat on the board. Shares can also be bought as a gift.

This is some text inside of a div block.

Review foreign tax warranties

Foreign tax warranties are important in cross-border deals and help reduce the risk of a tax audit.

This is some text inside of a div block.

Short form tax warranties

If a taxpayer overpays on their taxes, they can request a refund from the Inland Revenue. This can happen if too much tax was paid on income or capital gains, or if too much VAT was paid.

This is some text inside of a div block.

Try using Genie's Free AI Legal Assistant

Generate quality, formatted contracts with AI

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

Let our Legal AI make 
edits for you

Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.

AI review

Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs

See ¶¶Òõ¶ÌÊÓƵ in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

â€

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to:

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

â€