Overseas Interests Clause Samples
The Overseas Interests clause defines how a party’s interests, assets, or activities located outside the home country are treated under the agreement. Typically, this clause clarifies whether such overseas interests are included in the scope of the contract, and may require the party to disclose, protect, or manage these interests in a certain way. Its core function is to ensure transparency and proper handling of international assets or operations, thereby reducing the risk of misunderstandings or legal complications arising from cross-border elements.
Overseas Interests. 35.1 The Company does not hold any interest in a controlled foreign company within section 747 of ICTA 1988, and the Company does not have any material interest in an offshore fund as defined in section 759 of ICTA 1988.
35.2 The Company does not have a permanent establishment outside the UK.
Overseas Interests. (1) UK Residence Each Company is and has throughout the past six years 91 been resident in the United Kingdom for corporation tax purposes and has not been resident for tax purposes in any other jurisdiction.
(2) Treasury consent for migration of companies, etc. No Company has carried out or caused or permitted to be carried out any of the transactions (i) specified at the relevant time in s.765(1) Taxes Act 1988 otherwise than with the prior consent of H.M. Treasury and (in the case of a special as opposed to a general consent) full particulars of which are contained in the Disclosure Letter or (ii) specified at the relevant time in s.765A Taxes Act 1988 without having duly provided the required information to the Board of Inland Revenue.
(3) Controlled foreign companies and offshore funds No Company in the past six years has had any interest in a controlled foreign company as defined in Chapter IV Part XVII Taxes Act 1988 nor any material interest in an offshore fund as defined in s.759 Taxes Act 1988.
(4) Agency for non-residents No Compa▇▇ ▇▇▇ ▇een or, so far as the Sellers are aware, is assessable to tax under s.78 Taxes Management Act 1970 (including that section as modified and applied for stamp duty reserve tax) or under s.42A Taxes Act 1988.
Overseas Interests. (1) Residence The Company is and has throughout the past seven years been resident for tax purposes in the United Kingdom and is not and has not been treated as resident in any other jurisdiction for any tax purpose.
Overseas Interests. Residence. The Company is, and, to the Knowledge of Warrantors, has throughout the past seven years been, resident for Income Tax purposes in the jurisdiction in which it is incorporated and has not been treated as resident or subject to Income Tax in any other jurisdiction. The Company has no branch, agency or permanent establishment outside the jurisdiction in which it is incorporated.
Overseas Interests. (1) UK Residence The UK Companies are and have throughout the past seven years been resident in the United Kingdom for corporation tax purposes. The UK Companies do not have nor have had a branch, agency or permanent establishment outside the United Kingdom.
(2) Treasury consent for migration of companies, etc. The UK Companies have not carried out or caused or permitted to be carried out any of the transactions (i) specified at the relevant time in s.765(1) Taxes Table of Contents ▇▇▇ ▇▇▇▇ otherwise than with the prior consent of H.M. Treasury and (in the case of a special as opposed to general consent) full particulars of which are contained in the Disclosure Letter or (ii) specified at the relevant time in s.765A Taxes Act 1988 without having duly provided the required information to the Board of Inland Revenue.
Overseas Interests. 7.6.1. There are no circumstances pursuant to which the Company may become liable to Tax pursuant to section 185 (Deemed disposal of assets on company ceasing to be resident in UK), section 187 (Postponement of charge on deemed disposal) of the TCGA 1992 or section 132 (Liability of other persons for unpaid tax) of the Finance A▇▇ ▇▇▇▇.
7.6.2. The Company has not made any transfer to which section 723 of the Taxes A▇▇ ▇▇▇▇ could apply.
Overseas Interests. 2.1 The Company is, and has throughout the six years ending on the Signing Date been, resident only in the United Kingdom for corporation tax purposes.
2.2 The Company does not have, nor has it at any time in the past seven years had, a permanent establishment outside the United Kingdom and has not otherwise been liable or been sought to be made liable to pay Tax under the laws of any jurisdiction other than the United Kingdom.
2.3 The Company is not an agent or permanent establishment of another company, person or business resident outside of the UK for the purposes of assessing that company, person or business to Tax in the country of residence of the Company.
2.4 The Company does not have and has not in the six years ending on the Signing Date had an interest in a controlled foreign company within the meaning of section 747 Taxes Act in respect of which it is or has been subject to Tax on amounts imputed but not actually received by it.