In relation to CGT allowances for sale of rented property I note that expenditure incurred in the year of sale is not deductible for CGT purposes-am I right in assuming that it would be a deductible expense for Income Tax purposes -can anyone advise on this ?
Secondly I assume you can claim for enhancement expenditure that took place in 1995 for CGT puposes if it has not already been claimed for Income tax purposes -can anyone advise?
Thirdly am I expected to produce actual receipts at the time of claiming allowances for enhancement expenditure when I send in the CGT sttement at the pointof closing of the sale of the property?