I agree this does not look like a trade.
The actual cost of planning permission is probably allowable, but that would only amount to a couple of hundred pounds. If you mean all of the associated costs such as architects drawings and consultancy fees, then those are not costs you could deduct.
Thank you again. Looking at the figures, the Council planning application fee was about £3K for a conversion in to multiple dwellings.
I'd appreciate confirmation that this is
definitely an allowable expenditure?
Other expenditure include a high spec. security system which is removable.
This would be sold separately at a loss.
Just to confirm - is it correct that the loss could be set against the property gain, provided it is in the same tax year?