Under this one is allowed to write off refurbishment of rented residential accommodation over 7 years.
I did some refurbishment in December, 2007. As this is at the phase out of the scheme it's only eligible at 75%. If I were to sell can I use the remaining 25% against CGT?
Another question is if I claim the 75%. I assume I take 15% of that for 6 years and then 10% of it for the last year bringing me to 2013? Have I got it right?
I did some refurbishment in December, 2007. As this is at the phase out of the scheme it's only eligible at 75%. If I were to sell can I use the remaining 25% against CGT?
Another question is if I claim the 75%. I assume I take 15% of that for 6 years and then 10% of it for the last year bringing me to 2013? Have I got it right?