What allowable expenses can I deduct to reduce my capital gains tax liability on a recently sold second home, beyond just solicitor fees and stamp duty?
Quick Answer
Beyond legal fees and Stamp Duty, deductible expenses for Capital Gains Tax on a second home include costs of purchase, sale, and eligible enhancement works.
About This Topic
Reduce Capital Gains Tax on a second home sale by deducting acquisition, disposal, and enhancement costs. Higher taxpayers pay 24% CGT, with a £3,000 annual exempt amount.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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