You are allowed deduct buying, holding, and selling costs when calculating capital gains tax.
If I receive a capital payment as a result of shares held in a mutual society, and a condition of receiving that payment is that I maintain a minimum balance of funds with the mutual society, could the following be allowed as holding costs:
1. The amount of interest I could have received if I were able to put the minimum balance on deposit elsewhere.
2. The amount by which inflation has eroded the minimum balance since I first placed it with the mutual society.
J.
If I receive a capital payment as a result of shares held in a mutual society, and a condition of receiving that payment is that I maintain a minimum balance of funds with the mutual society, could the following be allowed as holding costs:
1. The amount of interest I could have received if I were able to put the minimum balance on deposit elsewhere.
2. The amount by which inflation has eroded the minimum balance since I first placed it with the mutual society.
J.