deed of tax covenant
deed of tax covenant/tax deed
Relevant only for a share purchase. Can be separate document or part of the acquisition agreement. Its main purpose is to protect the buyer against tax liabilities of the target company that relate to events arising on or before completion.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • tax deed — see deed Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tax deed …   Law dictionary

  • deed — 1 n 1: something done: act (1) my free act and deed 2: a written instrument by which a person transfers ownership of real property to another see also deliver …   Law dictionary

  • deed of covenant — noun A legal agreement in which a person promises to pay a fixed sum (to another person or organization) for an agreed period of time, enabling the payer to deduct tax from the total payment • • • Main Entry: ↑deed * * * deed of covenant UK US… …   Useful english dictionary

  • deed of covenant — ˌdeed of ˈcovenant noun deeds of covenant PLURALFORM [countable] LAW TAX in Britain, a formal agreement to make regular payments to a charity so that the charity avoids paying income tax: • If you use your Deed of Covenant form, every £1 you give …   Financial and business terms

  • deed of covenant — ► NOUN Brit. ▪ an agreement to pay a regular amount of money, particularly when this enables the recipient to reclaim any tax paid by the donor on the amount …   English terms dictionary

  • deed — A conveyance of realty; a writing signed by grantor, whereby title to realty is transferred from one to another. National Fire Ins. Co. v. Patterson, 170 Okl. 593, 41 P.2d 645, 647. A written instrument, signed, and delivered, by which one person …   Black's law dictionary

  • deed — A conveyance of realty; a writing signed by grantor, whereby title to realty is transferred from one to another. National Fire Ins. Co. v. Patterson, 170 Okl. 593, 41 P.2d 645, 647. A written instrument, signed, and delivered, by which one person …   Black's law dictionary

  • covenant — 1) A promise made in a deed, which may or may not be under seal. Such a promise can be enforced by the parties to it as a contract, even if the promise is gratuitous: for example, if A covenants to pay B £100 per month, B can enforce this promise …   Accounting dictionary

  • deed of covenant — UK / US noun [countable] Word forms deed of covenant : singular deed of covenant plural deeds of covenant legal British an agreement to pay an amount of money to someone every month or year that allows them to get the tax paid on that money too… …   English dictionary

  • deed — n. & v. n. 1 a thing done intentionally or consciously. 2 a brave, skilful, or conspicuous act. 3 actual fact or performance (kind in word and deed; in deed and not in name). 4 Law a written or printed document often used for a legal transfer of… …   Useful english dictionary

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