CGT ON PROPERTY - cash deposit

Hi I have recently sold a buy to let property . When I bought this property in 2014, I paid a large cash deposit from my own funds. Can this be classed as a deductible expense from a CGT perspective?

Hi,

No, the capital gain is the disposal value minus the acquisition costs. How the asset was paid for is not a factor in calculating capital gains. You can see the guidance below  which includes a calculator and links to reporting and paying capital gains tax within 60 days of the completion date.

Capital Gains Tax

Thank you.