Company selling and leasing
By concluding a contract of sale of a company, or a part of a company there occurs the devolution of assets, rights and other tangible values belonging to an entrepreneur and serving for the operation of the enterprise, or owing to their nature they are supposed to serve for this purpose.
A contract for the sale of a company constitutes a special kind of a contract of purchase. Besides assignation of proprietary rights to assets and other tangible values, it includes also assignment of rights – claims and assuming obligations. Paid transfer involves both movable and immovable assets.
From the tax perspective it is crucial that sale of a company or its parts, as a specific form of property transfer, is not subject to VAT. There are also substantial differences in comparison with transfers of business shares in LLCs.
