Cancellation Charges

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Cancellation Charges

Post  Pajeroman on Mon Apr 04, 2011 3:19 am

My developer plans to charge me a fee to cancel my contract, as I am selling my property before the deeds are obtained.
Not only is the developer panning to charge me 2% of the selling price but he is adding VAT to this amount. Is the cancellation charge legal and if so is it subjet to VAT?

Pajeroman

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