booking profit -exchange or completion

booking profit -exchange or completion

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prop developer has received conditional offer for sale of property - the conditon being the buyer has to sale a property themselves first - if the sale subsequently goes ahead can the sale be booked on the date when the conditional offer was accepted?
nick farrow

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By AnonymousUser
03rd Apr 2007 03:22

Correct everybody so true nowadays.

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By nick farrow
30th Mar 2007 11:31

thanks Euan
thanks Euan

I gather the completion date only is the subject of the condition

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Euan's picture
By Euan MacLennan
30th Mar 2007 10:28

No
The sale occurs on the day that the condition is satisfied.

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