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CGT - is this an expense?

thenap80 Forumite Posts: 420

Forumite

4 August at 2:41PM in House buying, renting & selling

I am sorting out CGT calculations. I can work out the gain using time proportion method. it comes in at about 120K. I let the property out for the latter few years of ownership.

But ten years ago I paid back a key worker loan that I used to purchase. The loan was roughly 47k but buying back their 29pc share, I had to pay back about 63k.

Should I put the 16k down as an expense or take it away from my gain (so becoming 104k)

?

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CGT - is this an expense?

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