Deductible Items from calculating the capital gain

Hi I have just sold my second house and used the money to buy a new house I need to pay capitals gains I understand I paid stamp duty when I first bought the house which I can claim on capital gains, the stamp duty I have just paid when selling and buying the new house can I claim that on the capital gains as well?

Hi Louisa,
No, only the Stamp Duty in relation to the property that has been sold.
Thank you.

We are in the process of seeling a second home that has been a rental property and I am trying to understand the definition of improvement expenses that can be offset against the CGT bill. In the last few years we have replaced external doors and installed a new boiler (as examples) would these additions be considered repairs or improvements? Thanks in advance

I posted a question which seems to have disappeared. I live 100 miles away from a flat I used to let. I am now selling it, and have been back and forth dealing with contractors (getting it fully refurbished in order to sell), agents and leaks about 8 times. Is the millage an allowable deduction and at what rate per mile? thanks

Hi BF77,
Expenditure for the specifically for the purpose of enhancing the value of the asset is an allowable deduction in calculating the amount of the gain or loss on a disposal (normal maintenance costs, such as decorating, do not count).
More detail can be found here:  
CG15150 - Expenditure: introduction
Thank you 

Hi Duncanb bergin, 
No, as they do not meet the wholly necessarily rules for Capital Gains Tax purposes.
Thank you.

I have sold a rental property at auction and the tenants arrears have been paid to me by the new landlord. Do these count towards the sale income or are they classed as rent on my usual self assessment please?

Hi,
The rental income arrears you received would be classed as rental income which would be declared as normal in your Self Assessment return.
Thank you

can cost of repairs and decorating pre rental be claimed against capital gain on sale?

Hi,
You can claim for the cost of improvements you have made to the property since you became the property owner.
Improvements are permanent changes that raise the value of a property, like adding extensions or garages.
Normal maintenance costs cannot be claimed. For example replacing a basic kitchen or bathroom with a luxury version would normally be considered an improvement. However, replacing them with something of a similar standard is not normally considered an improvement.
Thank you

Hi, I have put a rental property up for sale. Unfortunately it has been on the market for 9 months now and I am having to pay Council Tax for the last 6 months, electric, gas, and house insurance. Can any of these be deducted against Capital Gains. Thank you.

Hi Georgina,
Our response is that no they cannot be deducted.
Thank you.

Rental property, changed heating system from warm air to gas, I know I can claim CGT exemption for the boiler/rads but what about the plumber's costs re installation etc please? Thank you SB

Hi Shazza117,
Yes this would be allowed.
Thank you.

Hello, I purchased a property in 2005 and spent ~£35k on improvements in the two years that followed. Can I index these sums (e.g. using RPI or CPI) in the capital gains deductible calculation? If so, would RPI or CPI be more appropriate? Thank you.

Hi,
You can see guidance here:
CG15250 - Expenditure: incidental costs of acquisition and disposal
CG15180 - Expenditure: enhancement expenditure 
Thank you.  

My brother will need to pay cgt on the gift of his second home but he doesn't use the internet. Can I set up an account in his name? Have looked at the postal request for a paper form but it says you will need your account details (for which he will need computer access). What can we do. He did request forms by post a month ago from cgt queries but has had no reply.

Hi ,
 

If he is unable to set up online then the paper form will need to be completed. If he has still not received the form then he will need to contact HMRC to review :  Self Assessment: general enquiries   . Thank you .