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Claiming estate agency fee VAT when selling as a landlord

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jcuurthht
jcuurthht Posts: 332 Forumite
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in House buying, renting & selling
I am a landlord, however I am planning on selling my property.

Is the VAT on estate agency fees something I can claim as an expense?

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  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
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    jcuurthht wrote: »
    I am a landlord, however I am planning on selling my property.

    Is the VAT on estate agency fees something I can claim as an expense?


    If you are not VAT registered then it is a cost to you and will be a normal business expense like any other VAT you incur in running your business?
  • jcuurthht
    jcuurthht Posts: 332 Forumite
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    LandyAndy wrote: »
    If you are not VAT registered then it is a cost to you and will be a normal business expense like any other VAT you incur in running your business?

    I'm not.

    I remember including certain landlord related things on my self assessment (which I have to do as I live abroad but receive income via rent). I thought I could include this expense when filling my self assessment form.
  • booksurr
    booksurr Posts: 3,700 Forumite
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    jcuurthht wrote: »
    I'm not.

    I remember including certain landlord related things on my self assessment (which I have to do as I live abroad but receive income via rent). I thought I could include this expense when filling my self assessment form.
    you are not VAT registered, therefore you report the GROSS cost of any invoice/cost you incur

    your post reads like you are asking about the EA fees when you sell the property? In that case the gross cost is allowable when working out your taxable net gain for Capital Gains Tax purposes since the selling fee is a cost against the capital not the income liability

    if on the other hand you simply mean the monthly fee charged by the EA for acting as your UK agent whilst you are abroad then that too is allowable at gross value but obviously would fall into your income tax declaration
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
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    booksurr wrote: »
    you are not VAT registered, therefore you report the GROSS cost of any invoice/cost you incur

    your post reads like you are asking about the EA fees when you sell the property? In that case the gross cost is allowable when working out your taxable net gain for Capital Gains Tax purposes since the selling fee is a cost against the capital not the income liability

    if on the other hand you simply mean the monthly fee charged by the EA for acting as your UK agent whilst you are abroad then that too is allowable at gross value but obviously would fall into your income tax declaration


    Whoops, yes. :o
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