The Tax Schedule explains the underlying rationale of the key provisions of the tax schedule, and provides updated model long-form and short-form warranties and tax indemnities.
The purpose of the book is to explain and simplify issues for tax advisors involved in transactions of buying and selling companies and business, enabling negotiations between tax advisors to keep sight of the commercial reality of the transaction (a sale by a willing seller to a willing buyer). The purpose of the tax schedule is to determine where responsibilities and risks will lie following the completion of the transaction, as well as to re-examine a number of so-called ‘market practices’.
The intended readership of the book is tax lawyers, tax accountants, corporate lawyers, corporate advisors and finance directors who are involved in the process of the sale of a company.
Since the last edition, the UK has left the European Union (with little implications so far for tax schedules) and there have been two cases relating to the tax deed, relating tax warranties (Nobahar-Cookson & ors v The Hut Group Ltd [2016] EWCA Civ 128 and Tesco UK Limited v Aircom Jersey 4 Limited and Aircom Global Operations Limited) and decided by the court of appeal, no less.
Table of Contents
Preface to the fourth edition
Preface to the first edition
Acknowledgements
Online resources
Table of authorities
Glossary
Author
Before becoming a lawyer Eile Gibson worked as a financial analyst. She qualified as a barrister and then re-qualified as a solicitor working as tax adviser on corporate transactions. Eile is also a chartered tax advisor with CIOT and an associate with the Chartered Institute of Secretaries and Administrators (ACIS), and has her own London-based tax advisory practice.
