Sale and development agreement
Sale and development agreement
- 1996
- Estates Gazette Case Summaries [1996] EGCS 16(1) (10/02/96) .
In "Virgin Management Ltd and another v De Morgan Group plc and another" CA 24 January 1996 it was held that neither the solicitors or surveyors were under a duty to warn of VAT consequences on a sale and leaseback agreement. Also at dispute was the capitalisation.
BREACH OF CONTRACT
CAPITALISATION
DUTY TO WARN
SALE AND DEVELOPMENT AGREEMENT
SALE AND LEASEBACK AGREEMENT
VALUE ADDED TAX
VIRGIN MANAGEMENT LTD V DE MORGAN GROUP PLC
In "Virgin Management Ltd and another v De Morgan Group plc and another" CA 24 January 1996 it was held that neither the solicitors or surveyors were under a duty to warn of VAT consequences on a sale and leaseback agreement. Also at dispute was the capitalisation.
BREACH OF CONTRACT
CAPITALISATION
DUTY TO WARN
SALE AND DEVELOPMENT AGREEMENT
SALE AND LEASEBACK AGREEMENT
VALUE ADDED TAX
VIRGIN MANAGEMENT LTD V DE MORGAN GROUP PLC