Example sentences of "[adv] [coord] exclusively for the [noun] " in BNC.
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| 1 | Can this expense be offset against the director 's Schedule E assessment on the grounds that the guarantee had been given wholly , necessarily and exclusively for the purpose of the business ? |
| 2 | ( 2 ) The loans must be to defray expenditure incurred in acquiring ordinary share capital of a close company complying with s13A(2) as described above , or in lending to such a close company where the money loaned is used wholly and exclusively for the purpose of its business or the business of any of its associated companies provided the latter are also close companies satisfying the conditions of s13A(2). ( 3 ) When interest is paid on the manager 's loan , Newco must continue to comply with s13A(2) — this means it must continue to satisfy the relevant purpose test rather than that it should continue to remain a close company ; in the case of a purchase of shares in Target , the reason why Newco should be close after the institutions commit to invest is to ensure that institutions and management can invest at the same time and that , at that time , Newco is both close and satisfies the relevant purpose test , ie already controls Target ; management can not commit Newco to acquiring Target until the institutions have committed to funding Newco , and once they have so committed the institutions are likely to control Newco under s416 , so a structure is needed whereby management also controls Newco at this point . |
| 3 | Also , the legal costs had not been expended wholly and exclusively for the purposes of the profession . |
| 4 | Computer software licence fees should be deductible as trading expenses if of a revenue nature and incurred wholly and exclusively for the purposes of the trade . |
| 5 | Charges on income of a company which are not incurred wholly and exclusively for the purposes of its trade ( for example , interest payments by Newco while it is an investment company ) can not be carried forward against Newco 's profits once it becomes a trading company , so there is some significance in the timing of the hive-up from Target to Newco . |