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Covenant expenses not deductable

Language: English Series: Times ; 1 December 1998, 22(1)Publication details: 1998Subject(s): Summary: "Garner v Pounds Shipowners & Shipbreakers Ltd" CA 25 November 1998. Expenditure incurred by land owners in securing release of restrictive covenants is not deductable from the amount of consideration paid to them in return for granting an option to purchase.

"Garner v Pounds Shipowners & Shipbreakers Ltd" CA 25 November 1998. Expenditure incurred by land owners in securing release of restrictive covenants is not deductable from the amount of consideration paid to them in return for granting an option to purchase.