Questions relevant for an asset sale—tax issues—checklist


Produced in partnership with Mark Simpson of Squire Patton Boggs (UK) LLP
Checklists

Questions relevant for an asset sale—tax issues—checklist


Produced in partnership with Mark Simpson of Squire Patton Boggs (UK) LLP

Checklists
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This Checklist sets out a list of questions that may be relevant to determining the tax implications of an asset sale.

This Checklist should be used in conjunction with Practice Note: Key tax considerations in an asset sale.

For more information on pre-contract enquiries, see also Practice Notes: Capital allowances on property sales—pre-contract enquiries and Commercial Property Standard Enquiries—CPSE (the CPSEs, prepared by members of the London Property Support Lawyers Group and endorsed by the British Property Federation, provide standard questions relevant to a sale of commercial real estate).

Key tax considerations in an asset sale

QuestionsAnswers obtained by the adviser
General questions
Are the parties companies, individuals or other types of entities, such as a partnership, trust or charity?
Are there multiple sellers?
Are there multiple buyers?
Does the seller own legal and beneficial title to the assets?
Will the buyer acquire both the legal and beneficial title to the assets at actual completion?
Are the parties connected with one another for tax purposes?
If
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Jurisdiction(s):
United Kingdom
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