Capital Gains Tax allowable expenses

My parents took out a Shared Appreciation Mortgage on their home.
When they died, a sum of money was demanded by the bank which organised the SAM.
Rather than sell the property which I was to inherit, I chose to pay off the mortgage so I could keep it and let it as landlord.
Will HMRC consider that payment as an allowable expenses in calculating my Capital Gains Tax when I come to sell it?

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  • [Deleted User]
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    edited 16 January at 9:05PM
    My parents took out a Shared Appreciation Mortgage on their home.
    When they died, a sum of money was demanded by the bank which organised the SAM.
    Rather than sell the property which I was to inherit, I chose to pay off the mortgage so I could keep it and let it as landlord.
    Will HMRC consider that payment as an allowable expenses in calculating my Capital Gains Tax when I come to sell it?
    No it wouldn’t - mortgages don’t affect the CGT payable at all.   In any event there is no cost to you as the mortgage repayment increased the equity - you are no worse off!
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