Precedent clause for indemnity for tax deductions in a joint venture agreement
Precedent clause for indemnity for tax deductions in a joint venture agreement

The following Tax precedent provides comprehensive and up to date legal information covering:

  • Precedent clause for indemnity for tax deductions in a joint venture agreement
  • 1 Deductions from payments and indemnity for tax deductions

Precedent clause for indemnity for tax deductions in a joint venture agreement

    1. 1

      Deductions from payments and indemnity for tax deductions

      1. 1.1

        [Subject to anything to the contrary in this Agreement,] the Company shall make all payments to the Shareholders [required under this Agreement] free and clear of all deductions or withholdings save as may be required by law.

      1. 1.2

        If:

        1. 1.2.1

          the Company makes a payment to a shareholder [under this Agreement] without deduction of income tax because it reasonably believes that the shareholder receiving the payment (the Relevant Shareholder) satisfies one of the conditions set out in chapter 8 or chapter 11 of Part 15 of the Income tax Act 2007

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