Hello,
During 2016 I purchased a 2nd home - I refurbished it. I was going to rent it out but with all the market uncertainty and a biggish mortgage I decided to sell and sold it December 2017.
I think I made a small profit - is this treated as income tax or capital gains tax (house refurbs is not a business of mine - I’m a full time employee).
Can all of the following be offset against profit:
- solicitor purchase / sell fees
- estate agent fees
- surveys
- builders costs
- carpet/curtains
- council tax
- electricity / gas / water bill costs
Is there anything else that can be offered?
Thank you!
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