What is a reduced purchase price?

Reduced Purchase Price means the amount payable by an Eligible Purchaser in cash terms (excluding any mortgage fees of the relevant Qualifying Lender) for the purchase of an Eligible Dwelling after deducting the Scottish Ministers Contribution from the Full Purchase Price; Sample 2.

When a purchase price reduction occurs?

1. What is a purchase price reduction? The buyer and the seller agree to reduce the purchase price of real property after a sale has closed, and the seller returns the agreed-upon amount to the buyer.

What does price reduction mean?

Definitions of price reduction. the act of reducing the selling price of merchandise. synonyms: deduction, discount. type of: decrease, diminution, reduction, step-down. the act of decreasing or reducing something.

What is a price reduction called?

price reduction – the act of reducing the selling price of merchandise. discount, deduction. reduction, step-down, diminution, decrease – the act of decreasing or reducing something. Based on WordNet 3.0, Farlex clipart collection.

What happens if house is down valued?

Get the property valued again by a different surveyor acting for a different lender. Try to renegotiate the price with the seller – or simply lower your offer. Get a loan for the shortfall. Increase your deposit to cover the cost of the devaluation – though this may mean dipping into savings meant for other costs.

What is a purchase price reduction for tax purposes?

If the seller reduces debt owed for property purchased, the reduction is generally treated as a purchase price adjustment that reduces basis. The cancellation takes place when the taxpayer is insolvent, to the extent the taxpayer is insolvent. The debt is qualified farm debt owed to a qualified person.

Is a reduction in the selling price of merchandise?

reduction in the original retail selling price, which was determined by adding a percentage factor, called a markup, to the cost of the merchandise. The term markdown does not apply unless the price is dropped below the original selling price.

What does it mean to reduce purchase price?

Purchase Price Reduction means, with respect to any particular Real Estate or any particular Lease, the amount of the Purchase Price to be allocated to such Real Estate or such Lease as agreed upon by Seller, the Committee and Purchaser for the Properties.

Which is the correct definition of purchase price allocation?

In acquisition accounting, purchase price allocation is a practice in which an acquirer allocates the purchase price into the assets and liabilities of the target company acquired in the transaction.

When to use the common law purchase price reduction doctrine?

Common Law Purchase Price Reduction Doctrine – The Preslars insist the common law purchase price reduction doctrine may be invoked in cases where 26 U.S.C. § 108 (e) (5) is inapplicable.

How does leakage affect the purchase price of a property?

Even leakage that is viewed by the buyer as being in excess of fair value or a value shift to the seller may be permitted by the buyer, provided it is visible and certain at signing, and there is a corresponding. reduction in the purchase price.