Bills of Sale Act 1878: Primary legislation governing the execution and registration requirements for bills of sale in England and Wales. Sets out the basic framework for creating valid bills of sale.
Bills of Sale Act (1878) Amendment Act 1882: Amending legislation that provides additional requirements and clarifications for bills of sale, including specific forms and registration procedures.
Sale of Goods Act 1979: Fundamental legislation defining rights and obligations in asset sales, including conditions and warranties, passing of title and risk between parties.
Supply of Goods and Services Act 1982: Legislation governing situations where services are included alongside the asset sale, defining service quality standards and obligations.
Consumer Rights Act 2015: Key legislation applicable when the asset purchase involves a consumer rather than a business-to-business transaction.
Misrepresentation Act 1967: Legislation dealing with false or misleading statements made during the sale process, relevant for warranties and representations about the assets.
Value Added Tax Act 1994: Legislation governing VAT implications of the asset sale, including requirements for VAT treatment and documentation.
Finance Act (current): Annual legislation affecting the tax treatment of asset sales and related financial considerations.
Transfer of Undertakings (Protection of Employment) Regulations 2006: Regulations protecting employees' rights when business assets are transferred, including obligations to maintain employment terms.
Data Protection Act 2018: Legislation governing the handling of personal data, relevant when personal information is included in the transferred assets.
