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02-Nov-2017 01:41

the date when legal ownership of the assets actually passes).That agreement may also provide for a historic ‘effective date’, so that the seller and buyer agree between themselves to treat the transaction as if it happened on 31 March.

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In the case of a transfer of assets, you may need legal advice as to whether the beneficial interest in those assets has already passed, even though some formalities still need to be completed.– in some cases specific legal formalities may need to be complied with in order to perfect the transaction.



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