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Posted Wed, 14 Feb 2024 11:01:52 GMT by Filbert79
If an individual incurs legal fees to defend the rights to beneficial ownership of a property. Can these be allowable deductions against rental income? I know that legal fees are allowable when they are incurred in defending the taxpayer's title to fixed assets in relation to a trade. I just wondered if this extends to a property disputes when defending your right to beneficial ownership?
Posted Mon, 19 Feb 2024 16:14:04 GMT by HMRC Admin 19
Hi,

You can see guidance here:

BIM46445 - Specific deductions: professional fees: court proceedings

BIM42100 - Deductions

Thank you

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