Frequency/market practice: In the sale of a business, stamp duties are generally borne by the buyer. In the share sales, the so-called Tobin Tax is statutorily borne by the buyer.
Is a separate tax covenant/indemnity or tax deed common?
Frequency/market practice: Rarely; it is common to have tax representations and warranties/relevant indemnity, usually included in the purchase agreement, but not separate tax indemnity deeds.
