Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki


Business Transfer Agreement Vs

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

With respect to real estate, the Duncans Industries Ltd/. The status of up [6] was examined that, if there was an intention to transfer the entire enterprise on the basis of as-is-where-is, including facilities, machinery and other assets, the machines that constituted the installation of fertilizer sustainably incorporated into the land with the intention of exploitation must be treated as “real estate” and are obliged to tax the stamp as a means of transport. Commercial property can be transferred in a few ways. A direct sale is an immediate transfer of ownership. This gives the seller a clean exit and money for the company`s assets in advance. A phased sale is a more flexible option that funds the buyer`s payments. According to, this is often advantageous for both parties, since the seller receives income from the gradual sale and the buyer does not have to make a direct purchase. In addition, a lease agreement allows the temporary transfer of ownership under agreed conditions. The Authority for Preliminary Decisions has analysed the provisions of the sales activity, i.e. the enterprise delegation agreement and the related provisions of the law. The referring authority found that the applicant carried out the construction and sale of residential and commercial complexes and that the applicant company was created, in particular, for the aforementioned project.

In addition, the applicant sold the building as a whole with all the assets and entrusted the rights to the purchaser, including the approved card to the competent authority. The buyer acquired the sub-company to operate the same type of activity as the buyer himself, which deals with the construction of residential/commercial complexes and the sale of residential/commercial complexes and the sale of the sale. As at the time, there was no series of instantaneous transfers from the aforementioned transaction. Section 2 (42C) of the Income Tax Act of 1961 recognizes “Slump-Sale” as a transfer of a “business,” that is, a party or entity or a division of businesses constituting a business activity when it is considered a whole. In other words, Slump Sale means transferring the entire business for a single plan, without assigning value to individual assets and liabilities. In the context of the break and enter, the business is sold on a “current interest basis” – the transfer of all assets/liabilities, contracts, employees, etc., so that the company can operate as before the sale. In reviewing the business transfer contract, the Preliminary Decision Authority found that the break-in under the 1961 Income Tax Act is nothing more than a transfer of one or more companies as a result of the sale for a lump sum, without values being assigned to each asset and liability on those sales. Other legal entities specific to this sector may also apply, depending on the industry. In addition, under the provisions of the Right of Sale Act of 1930, read under Sections 17 and 18 of the Registration Act, 1908, the physical supply/transfer of a piece of property constitutes a valid transfer of a piece of property, if this is done by obtaining confirmation or receipt of that effect for the seizure and/or recognition of the transfer of property to those propertys.

Share and Enjoy