Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

CGT Reversal of Site Contract allowed?

  • 31-05-2013 12:24am
    #1
    Gary7
    Registered Users Posts: 13 ✭


    Hi, entered into contract with brother for site, mkt value €30,000, no payment as gift but he's liable to CGT. Have since bought new site and don't want brothers - is it possible to simply reverse the contract? Any thoughts would be great
    Tagged:


Comments

  • #2
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    Gary7 wrote: »
    Hi, entered into contract with brother for site, mkt value €30,000, no payment as gift but he's liable to CGT. Have since bought new site and don't want brothers - is it possible to simply reverse the contract? Any thoughts would be great

    Has the contract been stamped?


  • #3
    Gary7
    Registered Users Posts: 13 ✭Gary7


    Yes, the contract was stamped when initially signed. A friend advised today that a deed of revocation could be used to reverse it, it sounds straightforward, but I'll probably lose out on the stamp duty.


  • #4
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    A friend, Boards?

    You appear to have entered into a legally binding contract you do not want to honour.

    Seek professional advice. He could easily sue you for specific performance.

    Thread closed.


This discussion has been closed.
Advertisement