Rmcl1
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RE: Deductible Items from calculating the capital gain
Hello, I have a question. I am part of a residential management company made up of 4 flats. Another flat in the block has just bought into the freehold for £60,000 and that has been split between the residents of the management company individually. We are now working out our capital gains. We are trying to work out what we can deduct. Can we deduct the following : - a new path created to the building crica £3k -the original cost for the other flats buying into the freehold - for most flats this took place before they owned the flat -solictor fee to amend the residential structure after the freehold buy in Thank you