SPECIFIC TAX INDEMNITIES IN AN M&A DEAL WHERE SELLER TO BE LIQUIDATED

A buyer in a European property deal valued at EUR200 million was insured for claims arising under tax warranties and eight specific tax indemnities. The seller was a property investment fund which intended to liquidate in the near future.
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SDLT GROUP RELIEF & THE PROJECT BLUE CASE

In a real estate acquisition, the buyer and its advisers carry out tax due diligence on a historic intra-group restructuring carried out by the target group, the effect of which was that no Stamp Duty Land Tax charge arose at that time despite some properties being transferred as part of the restructuring.
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