| Commentary

205 Scope

| Commentary

205 Scope

This part of the Commentary is exclusively concerned with asset sales1. The present section deals with the sale of a business to an unconnected person, the second with the incorporation of an existing unincorporated trade and the third considers some of the benefits, particularly relating to tax, which a company may enjoy when selling assets to another company in the same group. The present section is mainly concerned with the issues which need to be considered in the drafting of the sale agreement, although it also summarises the legal position of employees on a transfer of

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial