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CGT - allowable expenses
SXX
Posts: 237 Forumite
in Cutting tax
Apart from buying/selling costs etc, do the following qualify as allowable expenses on a BTL:
Extension of lease (premium paid and costs associated such as solicitors/surveyors)
New door
New double glazed windows (previous windows single glazed)
New floor (ie replacing carpets with laminates)
Extension of lease (premium paid and costs associated such as solicitors/surveyors)
New door
New double glazed windows (previous windows single glazed)
New floor (ie replacing carpets with laminates)
0
Comments
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Extending a long lease should qualify as a deduction for capital gains tax. The others should be deductible from rental income. See: https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim2030
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Thanks - and sorry forgot to mention - I put in a damp proof course as the prop had damp when I bought it. Does the damp proof course and the resultant decorations (plastering the walls and then painting them) qualify as a deduction for CGT?Jeremy535897 said:Extending a long lease should qualify as a deduction for capital gains tax. The others should be deductible from rental income. See: https://www.gov.uk/hmrc-internal-manuals/property-income-manual/pim20300 -
It would normally do so.0
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Thank youJeremy535897 said:It would normally do so.0
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