Hi,
I just sold a 2nd property I inherited from an uncle back in 2012. Have been reading up on allowable expenses against the gain and it mentions costs with bringing the property into my name e.g legal fees. I would have had a large capital acquistions tax bill at the time too. My question is can I bring in these legal fees in again as a deduction or because I used them against capital acquistions Bill can I not use here?
I just sold a 2nd property I inherited from an uncle back in 2012. Have been reading up on allowable expenses against the gain and it mentions costs with bringing the property into my name e.g legal fees. I would have had a large capital acquistions tax bill at the time too. My question is can I bring in these legal fees in again as a deduction or because I used them against capital acquistions Bill can I not use here?