This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Allowable expenses

Markhphoto
Posts: 1
Joined: Tue Jun 04, 2019 3:01 pm

Allowable expenses

Postby Markhphoto » Tue Jun 04, 2019 3:05 pm

Hi. Could somebody tell me if freehold property insurance and ground rent are allowable expenses against CGT? Could you also assist with working out the exact amount of tax payable upon the sale of my property? Thanks

Jholm
Posts: 59
Joined: Mon Mar 11, 2019 4:22 pm

Re: Allowable expenses

Postby Jholm » Thu Jun 06, 2019 9:12 am

They would not be capital expenses.

Can you provide us more details? Eg. what type of property (commercial/residential)? Has it been rented out? Main residence? Etc.


Return to “Capital Gains Tax, CGT”