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Posted Tue, 03 Sep 2024 10:31:15 GMT by iren
Hello team, could you please help with the following question: are solicitor’s ’ fees for purchasing a buy -to-let property a tax deductible expense? Thanks!
Posted Wed, 04 Sep 2024 15:25:09 GMT by HMRC Admin 25 Response
Hi iren,
 Acquisition costs such as solicitor’s fees will be retained and set against the Capital Gains upon the sale of the property as they are classed as a Capital Expense.
They can not be set against the annual income as an expense.
Further information can be found on our website:
PIM2005 - Deductions: general rules: overview
CG15150 - Expenditure: introduction
Thank you. 

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