S Starbuck Registered User Messages 171 17 Apr 2009 #1 Just wondering - how does Revenue treat a forfeited deposit in the event of withdrawal from a house purchase contract at a late stage? Is the deposit considered as 'Income' to the vendor (who receives it in the event of failure to close).
Just wondering - how does Revenue treat a forfeited deposit in the event of withdrawal from a house purchase contract at a late stage? Is the deposit considered as 'Income' to the vendor (who receives it in the event of failure to close).
S Starbuck Registered User Messages 171 19 Apr 2009 #2 Maybe this should be in the 'Tax' section. Mods?