Hello all,
I am selling a flat that is in a council block, that I have rented out for many years.
I would just like to know what I can claim for to reduce my CGT.
I don't think I can claim for the twice yearly Insurance, Ground rent, and Maintenance, but can I claim for extra maintenance that is added each year for:- any work on the communal areas, cleaning, lighting, etc.
Then comes the big expenses. Re-pointing the whole block, replacing sub frames & window lintels, external painting, installing new front door with entry system. The extras that costs thousands of pounds extra to the maintenance fees.
I haven't needed to do a great deal of internal work because is very small, but the biggest cost was new central heating boiler.
I doubt I'll be able to claim much, but it all helps.
Thanks in anticipation.
Squibbs.
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