Definition of Tax Value


Tax Value means, in respect of the rights transferred to the Licensee hereunder, where the respective transferred right is eligible capital property under the Tax Act, the least of the amounts referred to in subparagraphs 85(1)(d)(i), (ii) and (iii) of the Tax Act; where the respective transferred right is capital property under the Tax Act, the least of the amounts referred to in subparagraphs 85(1)(c.1)(i) and (ii) of the Tax Act; and where the respective transferred right is depreciable property under the Tax Act, the least of the amounts referred to in subparagraphs 85(1)(e)(i), (ii) and (iii) of the Tax Act.

Examples of Tax Value in a sentence

It is understood and agreed between the Parties that any payment amounts to be made by Company under this Agreement are exclusive of any value added or similar Tax (Value Added Tax) imposed upon such payment and that Company shall be responsible for the payment of any and all Value Added Tax imposed levied on account of any payments paid to Licensor by Company.
Found in Column B True Tax Value for Personal Property Return Form 103 Short.
True Tax Value 74 85 12 N Column D True Tax Value for the Personal Property Return Forms 102 and 103 Long.
It is understood and agreed between the Parties that any payment amounts to be made by Company under this Agreement are exclusive of any value added or similar Tax (Value Added Tax) imposed upon such payment and that Company shall be responsible for the payment of, any and all Value Added Tax levied on account of any payments paid to Licensor by Company.
If the purchase and sale of the Stock Shares is examined by the Internal Revenue Service for federal tax purposes, and if the examination results in a determination (by settlement, litigation, or otherwise) that the true fair market value of the Stock Shares as of the Closing Date as finally determined for federal tax purposes (the "Final Tax Value") differs from the Appraised Value, then the Purchase Price shall be increased or decreased, as the case may be, to the Final Tax Value.