Option to Tax definition

Option to Tax means an option to tax within the meaning of paragraph 2 Schedule 10 of the VAT Act;
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Option to Tax has the meaning given to it in Part 1 of Schedule 10 to the VATA 1994. Permitted Hours: 24 hours per day, seven days per week8 (including weekends and bank holidays) subject to: (i) any restrictions on hours of use imposed on the Building by any necessary planning and other consents [and (ii) any restrictions on hours of use contained in the Superior Lease]. Permitted Part: any part of the Property that is capable of separate occupation.9 Permitted Use: [insert use] within Use Class E (e) of the Town and Country Planning (Use Classes) Order 1987 (as at the date this lease is granted and as amended by the Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020) 6 Only to be included if NHS PS's interest is leasehold.
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Option to Tax means an option to tax a property for VAT purposes pursuant to Article 137 of EC Council Directive 2006/112 on the common system of value added tax or any similar rules in accordance with the Law relating to VAT in any other jurisdiction;
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Examples of Option to Tax in a sentence

  • Plots the Council may elect to exercise an Option to Tax by serving written notice on the Developer at any time before the first interim viability assessment is carried out pursuant to paragraph 2 of Schedule 5 for any Plot (provided that the Council may change its decision where the Developer does not proceed to take further steps (and notify the Council of such steps) in relation to a Plot on the basis of the interim viability assessment within 40 Working Days of issue of the written notice).

  • If it is the intention of the purchaser to convert this building to a dwelling they must complete, prior to exchange of contracts, the HMRC form: Certificate to Disapply the Option to Tax: Buildings to be Converted into Dwellings etc.


More Definitions of Option to Tax

Option to Tax a landlord’s option to tax the rents and other consideration payable under this Lease pursuant to section 97(1)(a) (i) and (ii) of the VAT Act “Permitted Use” use as offices
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Option to Tax means a valid option to tax, election to waive the exemption or real estate election in relation to the Property pursuant to schedule 10 of the VAT Act;
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Option to Tax means an Option to Tax the Property for VAT purposes pursuant to part 1 of schedule 10 of the Value Added Tax Xxx 0000.
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Option to Tax means an option to tax land pursuant to Schedule 10 VATA 1994.
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Related to Option to Tax

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Option Fee means an amount equal to 7% of the Specified Amount;

  • Option means a stock option granted pursuant to the Plan.

  • Option Price means the price at which a Share may be purchased by a Participant pursuant to an Option.

  • Option to Extend has the meaning given that term in Section 2.13.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • Invitation to Tender or "ITT" means the Invitation to Tender issued by the Authority on 14/11/2012;

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Option Exercise Period has the meaning set forth in Section 5.3(c).

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Exercise Price means the initial exercise price or the adjusted exercise price, depending on the context.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Option 2 [_] An amount equal to the sum of ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which does not exceed ________% of the Contributing Participant's Compensation plus ________% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which exceeds ________% of the Contributing Participant's Compensation.

  • Option Consideration has the meaning set forth in Section 3.3(a).

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.