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CGT - Bought the freehold

martinizme
Posted Tue, 20 Feb 2024 00:45:08 GMT by martinizme
I have bought the freehold on the house that I have just sold. Can I offset the amount I paid for the freehold against the CGT tax liable?
HMRC Admin 25
Posted Wed, 21 Feb 2024 10:42:39 GMT by HMRC Admin 25
Hi martinizme,
It depends on the length of term. see guidance here:
CG70950 - Leases: Grant of long lease out of a freehold or long lease
And associated links.
Thank you. 

 

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