Hi there
Are selling (eg advertising) and legal (eg solicitor) costs deductible if you incur them in relation to trying to sell a property but then withdraw the property from the market because you decide not to sell it / cannot sell it?
I know if the property sells, they go against the sale price in calculating CGT. I was just wondering what happens if you don't end up selling the property?
Thanks
Are selling (eg advertising) and legal (eg solicitor) costs deductible if you incur them in relation to trying to sell a property but then withdraw the property from the market because you decide not to sell it / cannot sell it?
I know if the property sells, they go against the sale price in calculating CGT. I was just wondering what happens if you don't end up selling the property?
Thanks