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Where Taxpayers and Advisers Meet

CGT on second property

Posts: 7
Joined: Wed Aug 06, 2008 4:03 pm

CGT on second property

Postby oldenss » Wed Nov 13, 2019 12:42 pm

I bought my PPR in 2007, two years later I purchased another property and let out the first property. We are now trying to sell the second property and move back to the first property. Unfortunatly we are having problems selling the second property and as the first property has been vacant for six months, I will now have to pay full council tax on it. I understand how I will be taxed on (CGT) on the first property if and when I ever sell it but my question is 'can I use the expensve of the council tax I am having to pay against any future CGT i may have to pay in the future'?

Posts: 338
Joined: Wed Aug 02, 2017 9:09 pm

Re: CGT on second property

Postby darthblingbling » Wed Nov 13, 2019 3:11 pm

No, it's not a capital expense.

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