Capital Gains Tax

Regarding TCA s573, 2 AC 2000

Sale by executors of land being part of assets of residuary estate. Contract for sale stated that the sale was subject to "...the production by the vendors of a map suitable for registration in the Land Registry showing the property coloured in red."

 

1.      Whether assessable on executors (Revenue) or beneficiaries (Taxpayer)?

2.     Whether contract conditional? (Taxpayer)

Decision: Appeal fails on both counts.

 

 

 

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Last modified: April 01, 2003