Share sales: reasons for the tax indemnity

This practice note explains why a tax covenant and tax warranties are necessary protection for the buyer in a typical share sale.

NOTE: This resource is being reviewed in light of the 2015 Autumn Statement and Spending Review. For more information, see Legal Update, 2015 Autumn Statement and Spending Review: key business tax announcements.

Based on an article by Mike Boutell, formerly of CMS Cameron McKenna LLP, and updated by Practical Law Tax.


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