Client and wife bought an apartment off the plan.
When it was completed realised it was too small and bought a house on the same developement.
As they never actually lived in the property it is accepted that the gain (circa) £20k is taxable.
While they owned the property they had to pay inter alia:- water charges , insurance, utility standing charges etc. Any prospect of getting any deduction for these? Pretty sure the answer is no but just checking.
knuckles
10th Jan 2006
0
CGT on property bought as home
CGT on property bought as home