acarey01 Carey
-
RE: CGT on property transfer - what can I deduct
Hi, thanks for the reply. This work was carried out approx 13 years ago, I do have some receipts but not all of them as work was done mostly be me, but I do have the relevant building control certificates to prove that the work took place. Also would an online valuation from Zoopla be adequate? Thanks -
CGT on property transfer - what can I deduct
Hi, I'm in the process of transferring a property over to my daughter and her husband, and have had my attention drawn to potential CGT issues. I've had some online valuations from Zoopla and Nationwide (hope they're ok) and seen a profit of approx £18,000. Looking and the guidelines I'm guessing £15,000 of this will be liable to CGT. I have built a single story extension onto the rear of the property and rewired it, and reading your guidelines I'd hoped that I could deduct these costs from any CGT due, am I reading this correct?