I bought a site about 8 years ago, with a view to selling my own home and building a new one. That didn't work out so I've since split the site into 2 and want to sell one of them. (With Planning Permission)
I've incurred costs over the years - site works, architect, planning etc. Also the split of the site is not even. One site is definitely worth more than the other. (I want to keep the less valuable one and build something smaller for 'just the two of us' in time)
I'd be grateful for advice on what costs are allowable against CGT; how I show these etc. Is interest on loans allowable?
With Thanks.....
I've incurred costs over the years - site works, architect, planning etc. Also the split of the site is not even. One site is definitely worth more than the other. (I want to keep the less valuable one and build something smaller for 'just the two of us' in time)
I'd be grateful for advice on what costs are allowable against CGT; how I show these etc. Is interest on loans allowable?
With Thanks.....