B bamboozle Registered User Messages 536 12 Oct 2007 #1 When you sell an investment property can stamp duty be written off against profits, i.e. profit on sale of 40,000 stamp duty paid 10,000 Liable to CGT 30,000 Or would CGT be applicable in full on the 40,000 profit???
When you sell an investment property can stamp duty be written off against profits, i.e. profit on sale of 40,000 stamp duty paid 10,000 Liable to CGT 30,000 Or would CGT be applicable in full on the 40,000 profit???
C ClubMan Registered User Messages 49,232 12 Oct 2007 #2 You can offset stamp duty paid on the purchase gainst the gain when calculating CGT liabilities.