I sold my buy-to-let property last month after 8 years. What specific expenses can I legally deduct from my capital gains profit to reduce my CTG liability, beyond just the purchase price and selling fees?
Quick Answer
You can deduct improvement costs, SDLT, and associated legal fees from your capital gain, reducing your taxable profit. Basic rate taxpayers pay 18%, higher rate taxpayers 24% on gains exceeding the £3,000 annual exempt amount.
About This Topic
Maximise your capital gains deductions on UK buy-to-let property sales. Legally reduce CGT by claiming improvement costs, SDLT, and legal fees. Higher rate taxpayers pay 24% CGT above the £3,000 annual exemption.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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