Receipts for deductible expenses for CGT

modestus

Registered User
Messages
60
In relation to CGT allowances for sale of rented property I note that expenditure incurred in the year of sale is not deductible for CGT purposes-am I right in assuming that it would be a deductible expense for Income Tax purposes -can anyone advise on this ?

Secondly I assume you can claim for enhancement expenditure that took place in 1995 for CGT puposes if it has not already been claimed for Income tax purposes -can anyone advise?

Thirdly am I expected to produce actual receipts at the time of claiming allowances for enhancement expenditure when I send in the CGT sttement at the pointof closing of the sale of the property?
 
Is this not effectively a duplication or clarification of your post here rather than a new distinct one?
 
Thanks for that Clubman but they are separate questions although relating to the same subject -if anyone has had experience of these issued I would be greatful to know the answers
 
Back
Top