Jurisdiction(s):
United Kingdom
United Kingdom
Key definition
Use definition What does Use mean? In legal practice, Use describes any act of dealing with information, materials, works, data or technology. It is usually a contractual umbrella term capturing a broad range of actions, commonly including to distribute, disclose, store, use, analyse, copy, reproduce, extract, modify or adapt, whether in whole or in part. Use is not generally fixed by statute; its scope turns on the wording of the relevant agreement and context. That said, it intersects with specific legal regimes. In intellectual property, “use” of a trade mark in the course of trade (UK Trade Marks Act 1994; Irish Trade Marks Act 1996) and the...
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UK tax and VAT clauses for a 50/50 corporate joint venture: residence, group relief and loss surrender under the CTA 2010
Published by a
LexisNexis Tax expert
Precedents
1 Definitions and interpretation
1.1 In this Agreement, and except where the context dictates otherwise, the expressions below shall bear the meanings set out here:
- Relevant Proportion means, for the purpose of claUse, the greatest share of the Company’s [ trading ] losses [ and other amounts eligible for relief from taxation ] that the law permits to be surrendered to the relevant Shareholder (or a member of its Shareholder Group), or, as applicable, the greatest share of the Company’s trading profits against which the Shareholder (or a member of its Shareholder Group) is permitted by law to surrender its [ trading ] losses [ and other amounts eligible for relief from taxation ] ;
- VAT means United Kingdom value added tax [ and any other tax imposed in substitution for it OR , any other tax imposed in substitution for it and any equivalent or similar tax imposed outside the United Kingdom ] ;
2 Tax matters
2.1 [ The Company’s central management and control shall be exercised in the United Kingdom and the Parties shall use their respective [ best OR reasonable ] endeavours to ensure that the Company is treated...
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Web page updated on 22/05/2026
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