Accounts Relief definition

Accounts Relief means any Relief taken into account in computing and so reducing or eliminating any provision for Tax (including deferred Tax) which appears in the balance sheet in the Completion Accounts or which was taken into account in the Completion Accounts as an asset;

Accounts Relief means a Relief which:

Accounts Relief means any Relief which appears as an asset in the Completion Accounts or has been taken into account in reducing or eliminating any provision for Tax which appears in the Completion Accounts (or which, but for the presumed availability of such Relief, would have appeared in the Completion Accounts and any prepayment of tax which is treated as an asset in the Completion Accounts;

Examples of Accounts Relief in a sentence

• Saving: the reduction or elimination of any liability of the Company or a Subsidiary to make an actual payment of corporation tax in respect of which the Sellers would not have been liable under paragraph 2, by the use of any Relief (other than an Accounts Relief) arising wholly as a result of a Liability for Taxation in respect of which the Sellers have made a payment under paragraph 2 of this Tax Covenant.

• References to a date on which Tax becomes due for payment include a reference to the date on which it would have become due were it not for the availability of any Accounts Relief or Purchaser’s Relief.

• Aegon and Aegon Europe shall not be liable in respect any claim made under or otherwise in connection with this Agreement if any Group Company or any other member of the ASR Group has any savings or net financial benefit, including in any event any Tax Benefit (other than any Accounts Relief), because of such claim or the facts or circumstances giving rise to such claim, but only to the extent of such savings or net financial benefit.

• For the avoidance of doubt, the Purchaser or the Company shall have full discretion over the utilisation of the Corresponding Relief and shall not be under any obligation to utilise any Corresponding Relief in priority to any Post Accounts Relief.

• If any sum payable by the Warrantors to the Buyer under this schedule is (or but for the availability of any Accounts Relief or Post Completion Relief would be) subject to a Tax Liability in the hands of the Buyer, the Warrantors shall pay to the Buyer such sum as is necessary to ensure that the amount received by the Buyer is not less than the amount it would have received had the payment not been subject to Tax.

More Definitions of Accounts Relief

Accounts Relief means any of:

Accounts Relief means a Relief, the availability of which has been shown or referred to as an asset in the Accounts or has been taken into account in computing (and reducing) a provision for deferred tax which appears in the Accounts or has resulted in no provision for deferred tax being made in the Accounts;

Accounts Relief shall have the meaning ascribed to it in the Tax Deed.

Accounts Relief means a Relief which has been shown or treated as an asset in the 2021/6/30 accounts, or which has been taken into account in computing a provision for Tax which appears in the 2021/6/30 accounts (or which has resulted in no such provision for Tax being made).

Accounts Relief means any Relief which is shown as an asset in the Completion Statement or is taken into account in computing (and so reducing or eliminating) any provision for deferred Taxation which appears, or which but for the presumed availability of the Relief would have appeared, in the Completion Statement Actual Taxation Liability means a liability to make an actual payment of Taxation whether or not such Taxation is also or alternatively chargeable against or attributable to any other person Auditors means the auditors for the time being of the Company

Accounts Relief means a Relief, the availability of which has been shown as an asset in the Relevant Accounts.

Accounts Relief means any Relief which is taken into account in the Completion Statement as an asset;