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Posted Sat, 04 Nov 2023 11:53:55 GMT by
Are the legal expenses incurred when acquiring the 'Right to Manage' my flat an allowable expense?
Posted Tue, 07 Nov 2023 11:15:12 GMT by HMRC Admin 8
Hi,
Depending on how the property is used would determine whether the expense is allowable.
In this case, I believe a Right to Manage (RTM) company would need to have been created, with any expenses incurred then paid through them which would not fall under the scope of this forum.
I would advise to contact Corporation Tax on 0300 200 3410, who may be able to offer more in-depth advice surrounding this expense.
Thank you.

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