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CGT
karate1959
Posts: 5 Forumite
Can someone help please we are selling our second house and we will have to pay CGT.
We had in 2012 a large decking area with pagoda installed at the cost of as I can remember about £8500, but I do not have a receipt I have tried to contact the builder but he has since gone out of business?.
We had in 2012 a large decking area with pagoda installed at the cost of as I can remember about £8500, but I do not have a receipt I have tried to contact the builder but he has since gone out of business?.
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Comments
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You are allowed to claim improvements and I'm guessing this would count as one ie it was not a repair.0
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Are you missing a “not” from that sentence?mta999 said:You are allowed to claim improvements and I'm guessing this would count as one ie it was not a repair.1 -
I think this would count as an improvement as it sounds like a substantial.piece of work.
It was not a 'repair' (which wouldn't count)1 -
If you haven’t got a receipt I would use a cautious best estimate.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.1
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