Depreciatory transactions Sample Clauses

Depreciatory transactions. (a) No allowable loss which might accrue on the disposal by the Company of any share in or security of any company is likely to be reduced by virtue of the provisions of sections 176 and 177, TCGA. (b) The Company has not been a party to any scheme or arrangement whereby the value of an asset has been materially reduced as set out in sections 30-34, TCGA.

Depreciatory transactions. No loss which has arisen or which may hereafter arise on a disposal by the Company of shares in or securities of any company is liable to be reduced by virtue of the application of Section 176 T.C.G.A. (transactions in a group) or Section 177 T.C.G.A. (dividend stripping). ANTI-AVOIDANCE PROVISIONS

Depreciatory transactions. No Company has been a party to any transaction to which the provisions of s.176 or s.177 TCGA 1992 have been or could be applied.

Depreciatory transactions. No asset owned by the Group has at any time since its acquisition by the Group been subjected to a reduction in value such that any allowable loss arising on its disposal is likely to be reduced or eliminated or any chargeable gain arising on its disposal is likely to be increased.

Depreciatory transactions. No loss which has arisen or which may hereafter arise on a disposal by any of the Companies of shares in or securities of any company is liable to be reduced by virtue of the application of section176 of TCGA (transactions in a group) or section 177 of TCGA (dividend stripping).

Depreciatory transactions. 3.11.1 No allowable loss, which may accrue on the disposal by any Group Company of any asset, is likely to be reduced by reason of TCGA s 176 (Depreciatory transactions within a group) or s 177 (Dividend stripping) and no chargeable gain or allowable loss arising on a disposal is likely to be adjusted in accordance with s 30 (Tax-free benefits).

Depreciatory transactions. 3.10.1 The Company has not entered into a transaction to which the provisions of TCGA s 30 (Tax-free benefits) are likely to apply to increase any chargeable gain

Depreciatory transactions. No allowable loss which has accrued on the disposal by the Company of any material asset is likely to be reduced or chargeable gain increased by virtue of the provisions of sections 30-34, 176 or 177 TCGA (or equivalent legislation of other jurisdictions).

Depreciatory transactions. 5.6.1 No loss which might accrue on the disposal by the Company of any share in, or security of, any company or any other capital asset is liable to be reduced by virtue of any depreciatory transaction within the meaning of Sections 176 and 177 CGA 1992 and no gain is liable to be increased or deemed to have been made on such a disposal by virtue of such a transaction. No expenditure on any share or security is liable to be reduced under Section 125 CGA 1992. 5.6.2 The Company has not been involved in any transaction to which Sections 29 to 34 CGA 1992 may apply.