Hi all,
Just looking for (hopefully) a quick piece of advice on allowances which can be claimed against CGT when selling a 2nd freehold property.
I understand the main allowances - cost to buy & sell etc - but my question relates to a yearly charge payable to the estate management company. The house I am selling is on a 10 year old estate of approx 90 dwellings and we all pay a yearly fee to the management company for maintenance of common parts. As there is no choice in this and it does not relate to any one specific property, I see the charge as a cost of ownership and therefore (in my opinion) allowable against CGT.
Is my assumption a reasonable one?
Thanks in advance for any advice.
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