Bought an investment property with a friend 13 years ago. Was my primary residence for 5 years.
I believe the last 12 months can be written off, even if you're not living there.
So, liable for 7 years. How do I calculate that?
Can I write off the following,
Purchase fees, solicitor etc
Maintenance (need receipts?)
Sales fees, agent, solicitor
Anything else I'm missing?
For maintenance, biggest cost was boiler, 4k... But that was 8 years ago, so receipt long gone.
Thanks.
I believe the last 12 months can be written off, even if you're not living there.
So, liable for 7 years. How do I calculate that?
Can I write off the following,
Purchase fees, solicitor etc
Maintenance (need receipts?)
Sales fees, agent, solicitor
Anything else I'm missing?
For maintenance, biggest cost was boiler, 4k... But that was 8 years ago, so receipt long gone.
Thanks.