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Posted Thu, 10 Oct 2024 20:07:24 GMT by Mar85
Compulsory share is an institution of inheritance law in Poland which aims to protect testator’s closest family members against being completely deprived of their share in the inheritance. I was named by the deceased in their last will and testament as testamentary successor and consequently I have paid out monetary entitlement to the children of the testator, would that be considered allowable deduction for Capital Gains Tax on sale of a foreign property?
Posted Fri, 18 Oct 2024 14:49:32 GMT by HMRC Admin 20 Response
Hi,
No as the expenditure must have been incurred wholly and exclusively for the purposes of the acquisition or disposal.
See guidance at CG15250 - Expenditure: incidental costs of acquisition and disposal
Thank you.

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