OUR SERVICES
LIVA provides a range of M&A insurance services including W&I (R&W), Title, Tax, Environmental, Contingent Risk and IP insurances. We also offer insurance due diligence capabilities with local expertise (and local language capabilities) providing insight and value at every stage of the process.
Select a service:
Tax Insurance
Covers specific identified tax issues that fall outside normal W&I coverage.
Also covers non-M&A related tax risks. For more information, see our brochure here.
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Insured: |
Seller, Buyer or Target. |
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Policy Period: |
Matches the statute of limitations in the jurisdiction in which the risk would materialise, usually 7 years up to a maximum of 10 years. |
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Cost: |
Usually 1% – 5% of the insured limit of liability. The premium is a one-off payment at inception of the policy. |
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Cover: |
Insurers cover: 1. Financial loss
2. Legal defence or contest costs in connection with the tax authority's investigation. 3. Any interest, fines and penalties due (to the extent these are insurable by law). 4. Gross-up (where the policy proceeds are taxable). 5. Advance tax payments (where required to be made in order to appeal a tax assessment). |
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Required Documents: |
- The background and/or facts which give rise to the identified tax risk. - A legal opinion (or alternative analysis) supporting the tax position taken. |