SMF - Just Installed!

Selling rented house

Started by Kerbside, March 24, 2018, 05:29:50 PM

Previous topic - Next topic

Kerbside

Hi there,

Been a landlord for a few years now, but wanted to ask if anyone knows if the legal/conveyancing fees involved when selling a rental property are classed as a tax deductible expenses?

TIA

   

Simon Pambin

You can't sent them against rental income but they'd be allowable against the capital gain on the property.

Kerbside

Quote from: Simon Pambin on March 26, 2018, 08:27:11 AM
You can't sent them against rental income but they'd be allowable against the capital gain on the property.

Awesome! That's music to my ears! Thank you.