Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 26 Jun 2023 09:40:32 GMT by
I bought my property in 2013 and lived there until 2017 before moving abroad for six years until early 2023. Now I am back living in the property as my main residence so have effectively lived in it for 4 out of the ten years I have owned it to date. Can I set capital costs of improvements for the whole period against CGT when I sell or only for the period when it was rented out ? Also what about costs of purchase and sale - are these allowable in full, apportioned or not allowable at all given I was resident in the property for 3.5 years after buying it and will be again at the point of sale.
Posted Thu, 29 Jun 2023 13:53:54 GMT by HMRC Admin 20 Response
Hi megs93,

You can set any of the capital costs for the period of ownership against any potential gain.
The buying/selling costs are not time apportioned so full relief will be due (assuming you have sole ownership).

Thank you.

You must be signed in to post in this forum.