Selling an investment property at the moment and trying to work out the figures (roughly) at the for CGT amongst other things.
I understand that the initial stamp duty and solicitor outlay is allowable but I have one question I'd like clarified if anybody could assist.
On my annual tax returns there is an accumulated loss carried forward each year on the property. I understand that this was never allowable against my income tax but is it now allowable against the "Capital Gain" ?? and if not when or where does it become "allowable" so to speak
any assistance appreciated
D
I understand that the initial stamp duty and solicitor outlay is allowable but I have one question I'd like clarified if anybody could assist.
On my annual tax returns there is an accumulated loss carried forward each year on the property. I understand that this was never allowable against my income tax but is it now allowable against the "Capital Gain" ?? and if not when or where does it become "allowable" so to speak
any assistance appreciated
D