11 Apr 2019
HOLDAWAY v ELLWOOD [2019] NZHC 792
- Citation
- [2019] NZAR 680
- Court
- High Court
At the time the agreement was made it was reasonably foreseeable that purchasers could register for GST and claim an input tax credit; vendor's warranty breach caused the loss of that expected input credit and reasonable accountant fees are recoverable; the purchasers' later failure to notify under contractual clause 15.5 and s78F did not negate their expectation losses; no security order was made so appeal was not abandoned; summary judgment for appellants for the input credit and accounting fees was appropriate.