peterearl72
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RE: Deductible Items from calculating the capital gain
Hi HMRC Admin I'm looking to buy a property at auction and it will be a second home for renovation and resale. In the legal pack published by the auction house there are some specific charges I would appreciate confirmation they are/are not CGT deductible, please: - Specific Financial Charge against the property by the local council for necessary 'pest control' works completed. My solicitor advises me this charge will become payable buy me if I am the successful bidder/buyer. - Special conditions of sale include the Buyer being liable to pay the Seller's EPC and other search fees (totalling £750), £2,400 (inc VAT) contribution towards Seller's additional legal and admin costs, £4,800 (inc VAT) contribution towards Seller's legal costs, and £2,400 contribution towards Seller's auction fees. Thanks