Rough figures. I did a major renovation of a rental property when first purchased. As in completely gutted the place. Prior to letting. Electrics, plumbing, bathrooms, kitchens etc. Total cost 100K. Wrote of 60K under the Countrywide refurbishment scheme.
- Can I write off 40K for CGT enhancement (obviously never claimed it under rental tax)
- The mortgage interest was not deductable for a few months, can I claim this now as a capital cost, (that this cost is capitalised)
- anyone have a CGT template, a simple one
- ditto which shows one year and 6 months as principal private residence
- anyone have a CGT template a more complex one with the indexation and pound to Euro.
- is stamp duty paid on purchase deductable
This is my current calculation:
Sale price less
Current:
- Less Costs of Disposal, so auctioneer and solicitor (and any legal/ber/corporation/survey etc things)
Past:
- Less enhancement above, indexed, less legal costs on purchase, indexed. Less conversion of garage into flat, indexed.
- Can I write off 40K for CGT enhancement (obviously never claimed it under rental tax)
- The mortgage interest was not deductable for a few months, can I claim this now as a capital cost, (that this cost is capitalised)
- anyone have a CGT template, a simple one
- ditto which shows one year and 6 months as principal private residence
- anyone have a CGT template a more complex one with the indexation and pound to Euro.
- is stamp duty paid on purchase deductable
This is my current calculation:
Sale price less
Current:
- Less Costs of Disposal, so auctioneer and solicitor (and any legal/ber/corporation/survey etc things)
Past:
- Less enhancement above, indexed, less legal costs on purchase, indexed. Less conversion of garage into flat, indexed.
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