CGT and property renovations on inherited property

I am considering doing extensive renovations on a property I inherited from my parents before selling. Previously it was rented out but is now vacant. It is not my primary residence. The renovations I am considering include removing internal walls to open the living space, new upgraded kitchen and appliances, installing bi-fold doors & skylights, new bathroom downstairs and upstairs, and a complete re-wire. There will also be a fair bit of replastering of walls through out the house, as well as redecoration, new carpets and flooring . Would all these costs be deductable against any capital gains ? Thanks

Hi Mike562,
We cannot advise you which of the expenditures would be a capital allowance to set against the capital gain or a revenue expense to set against the rental income.
This is something that you will need to decide yourself, based on the guidance.
You will need to read the capital gains guidance to decide what is general repairs and maintenance and what is improving the value of the asset. CG15150 on expenditure and enhancing the value of the asset.
CG15150 - Expenditure: introduction
Thank you.