Gareth Miles and Tom Jarvis highlight points to watch in practice.
A cross-border private acquisition is an acquisition of one or more private businesses comprising companies and/or assets where the purchaser the seller and the target companies/assets are not all in the same jurisdiction. The cross-border element of these transactions inevitably means that more than one country’s tax rules will be in play in the same transaction. English law is frequently chosen to govern these transactions and it is usually commercially desirable to have one set of contractual provisions applying across the board.
In this article we highlight a number of the main issues that do not arise on solely UK acquisitions. Some of these can be eliminated or mitigated through efficient structuring and some may need to be dealt with specifically in the sale and purchase agreement.
Issues common to share and asset purchases
Withholdings required from the purchase...
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Gareth Miles and Tom Jarvis highlight points to watch in practice.
A cross-border private acquisition is an acquisition of one or more private businesses comprising companies and/or assets where the purchaser the seller and the target companies/assets are not all in the same jurisdiction. The cross-border element of these transactions inevitably means that more than one country’s tax rules will be in play in the same transaction. English law is frequently chosen to govern these transactions and it is usually commercially desirable to have one set of contractual provisions applying across the board.
In this article we highlight a number of the main issues that do not arise on solely UK acquisitions. Some of these can be eliminated or mitigated through efficient structuring and some may need to be dealt with specifically in the sale and purchase agreement.
Issues common to share and asset purchases
Withholdings required from the purchase...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
