4.1 The above clauses are relatively self-explanatory: it is difficult to divide up the rights and responsibilities in respect of this straddle period. We take the wording in clause 9 .6 above to mean that the obligation exists on the Buyer if he is submitting tax computations which he recognises may or will lead to a claim against the Covenantors under the tax covenant, if such computations are accepted by HMRC. The obligation extends somewhat further than this as it would also include situations in which explanatory text was included in the tax computations which would be very likely to lead to the opening of an enquiry by HMRC into the transactions in the pre-completion period. 4.2 Under the above wording, we would anticipate that most Buyers would inform the Sellers of the tax computations in respect of the straddle period, unless they could not envisage any circumstance in which the tax computations would be likely to give rise to a claim. 4.3 It is more likely that the Buyer would seek to narrow the above words, so that the obligation to send the computation to the Sellers in respect of this period is only triggered if the Buyer knew or should reasonably have known that the computations were likely to lead to a claim under the tax covenant.
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