tax_unwise
Registered User
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Hi AAM members.
I'm a newbie posting but have been silently using your very wise suggestions for a long time. Now I have a simple query and I have searched but my specfic question doesn't seem to be clearly answered. So if you can help .. I would appreciate it.
Husband and I bought an investment property 2 years ago for 250k
Have just sold for 300k
Paid investment stamp duty around 9k
Legal fees of around 1.5k for purchase and resale
To calculate CGT liability am I right in saying I can deduct all of the above expenses plus 1270 each for my husband and I?
So my liability would be around 7k?
Am I missing anything?
thanks a mil and keep up the good work.
tax_unwise
I'm a newbie posting but have been silently using your very wise suggestions for a long time. Now I have a simple query and I have searched but my specfic question doesn't seem to be clearly answered. So if you can help .. I would appreciate it.
Husband and I bought an investment property 2 years ago for 250k
Have just sold for 300k
Paid investment stamp duty around 9k
Legal fees of around 1.5k for purchase and resale
To calculate CGT liability am I right in saying I can deduct all of the above expenses plus 1270 each for my husband and I?
So my liability would be around 7k?
Am I missing anything?
thanks a mil and keep up the good work.
tax_unwise