what can i write off against Inv. prop sale

T

tom ace

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I am just wondering what expenses i can write off against CGT on the sale of an investment property
Can i write off the interest on the loan as i did not rent the house out and can i write off Solr. Fees, Auctioneers Fees etc.
And can myself and my wife jointly use our cgt allowance of 1270 pa. each making 2540 in total as an allowance against cgt?
 
You can't write off interest for CGT . Only if you were regarded as trading in property could you claim interest relief.
You can write off incidental costs of acquisition,expenditure
on enhancing the value of the asset and incidental costs of
disposal.
If the property is in your name only you can't use your wifes annual allowance but you could use any of her cg losses
 
According to the Revenue CGT Guide, you can also write off the Stamp Duty.
 
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