Forum Home Search Login Register
+  Landlord Forum
|-+  General Category
| |-+  Landlord Advice & Help
| | |-+  Paying tax😱

Paying tax😱

Pages: [1]
Print
Author Topic: Paying tax😱  (Read 83 times)
Newbie
Posts: 17

I like property

« on: November 06, 2020, 09:57:53 PM »

When you sell a property can you offset the stamp duty against any taxable profit. Similarly I converted the garage which should have increased the house's value. Can the conversion cost also deducted from the gross profit? I'm not ready to sell just yet but just wondering how the tax will be calculated (if there is a profit!) Thank you
Newbie
Posts: 5

I like property

« Reply #1 on: November 07, 2020, 10:31:30 AM »

Re CGT questions................Yes to both
Newbie
Posts: 17

I like property

« Reply #2 on: November 07, 2020, 11:56:04 AM »

Thanks Peter - good news 🙂
Pages: [1]
Print