R RugbyBoy Registered User Messages 146 12 Jul 2016 #1 Hi, I want to purchase a property that's need renovation. I intend to do the work myself and once completed see it on. I know I will have to pay CGT on the gain but was wondering if I can reclaim anything for materials purchased? Thanks RB
Hi, I want to purchase a property that's need renovation. I intend to do the work myself and once completed see it on. I know I will have to pay CGT on the gain but was wondering if I can reclaim anything for materials purchased? Thanks RB
D dublin66 Registered User Messages 250 12 Jul 2016 #2 Yes, you can claim enhancement costs against the sales price on a future disposal which will reduce your capital gains tax.
Yes, you can claim enhancement costs against the sales price on a future disposal which will reduce your capital gains tax.