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Business Asset Disposal Relief

kcsekcse
Posted Tue, 03 Oct 2023 15:40:10 GMT by kcsekcse
I have recently sold my FHL and want to claim Business Asset Disposal Relief. When I bought the property it was a shop with no kitchen or inside toilet, and required converting to residential. When working out the gain, can I deduct the purchase and sale legal fees from the gain, and can I deduct any costs associated with the creation of a bathroom and kitchen?
HMRC Admin 32 Response
Posted Mon, 09 Oct 2023 09:58:32 GMT by HMRC Admin 32 Response
Hi,

Yes, you can.

Thank you.

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