Section 138A Election Letter (Business Asset Disposal Relief And Earn Outs)
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useType of legal document
📁 Tax election letterBusiness activity
Election to disapplyA tax election letter is a document that allows a taxpayer to elect how they would like to be taxed on a particular issue. This could include choosing to be taxed as an individual or an LLC, or electing to file as married filing jointly or separately.
This template serves as a formal letter, indicating the electing party's decision to elect the section 138A provisions as per the UK tax legislation. It includes specific details related to the relevant transaction, such as the parties involved, the nature and value of the assets being disposed of, and the proposed earn-out structure.
Furthermore, the template may include clauses that address essential provisions and conditions for the utilization of Business Asset Disposal Relief and earn outs. This may cover aspects like the calculation and payment terms of the earn-out, obligations and responsibilities of both parties, dispute resolution mechanisms, and any necessary consents or waivers required.
By using this template, the parties involved can document their intentions in a legally binding manner, ensuring compliance with the UK tax regulations and providing transparency and clarity regarding the sale or disposal of business assets. It enables the electing party and relevant stakeholders to structure their transaction efficiently, taking advantage of applicable tax relief and providing a clear framework for earn-out arrangements.
How it works
Create doc / use template
Chat to our
Edit, collaborate & share
Export to .docx
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
Book your personalised demo now
Similar legal templates
The document begins by providing a brief introduction explaining the purpose and scope of the dress code policy. It then highlights relevant legislation, such as the Equality Act 2010, which emphasizes the importance of ensuring the policy does not discriminate against any protected characteristic, including gender, religion, disability, age, or other similar factors.
The template then proceeds to offer a series of sections addressing key aspects of the policy. This includes provisions on appropriate attire for different roles and departments, grooming standards, required safety equipment and protective clothing where necessary, and any specific guidelines relating to uniforms or company-branded clothing.
Moreover, the template covers potential exceptions or accommodations for religious or cultural practices, disability-related requirements, or health and safety concerns. It may also discuss any implications for remote or virtual working arrangements if applicable.
To provide clarity, the template may provide specific examples of acceptable and unacceptable clothing choices, hairstyles, jewelry, tattoos, and body modifications. Additionally, it may outline consequences for non-compliance, emphasizing progressive disciplinary measures that can be taken for repeated violations.
Furthermore, the template may include a section on informing employees about the dress code policy, outlining the procedures for disseminating the policy, and ensuring that all employees have read, understood, and acknowledged it. This may involve the use of training sessions, information handouts, or incorporation into the employee handbook.
By utilizing this legal template, organizations can establish a clear and compliant dress code policy tailored to their specific needs while ensuring consistency, fairness, and respect for diversity within the workplace.
Publisher
ƵJurisdiction
England and WalesThis Web Designer contract template is designed for a commercial web design organisation (or an individual web designer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of web design and web-design-related services to be completed by the web designer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the web design firm or individual web designer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
ƵJurisdiction
England and WalesThis template serves as a formal document that witnesses can use to confirm the accuracy and truthfulness of their statements regarding the company's liquidation proceedings. The statement includes relevant details such as the witness's personal information, their involvement or knowledge of the liquidation process, and a declaration that the information provided is true to the best of their knowledge.
By providing this Witness Statement of Truth, witnesses affirm their commitment to the legal obligations of their statements and acknowledge that any false information could result in legal consequences. This template aims to ensure transparency, integrity, and the proper administration of the compulsory liquidation process under UK law.