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Tax Advice - Stamp Duty

Started by davejacks, October 29, 2018, 03:15:00 PM

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davejacks

I have added a further property to my portfolio
I paid the 3% stamp duty
Is it possible to include this payment of stamp duty as an expenditure when calculating and thus reducing my profits on my tax return
TIA

Hippogriff


madferret

Interesting idea!

Using your tax liability as a means to reduce your tax liability :-\

No

Martha

I pay income tax on the rent I earn from a property.

Is it possible to claim this against my tax when I complete my tax returns

;D