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CGT relief on expenses spent on house flooring

After flooring lived there for 5 years and then rented for 2 years before selling. CGT relief??

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We bought a newly built house in 2013. Spent good amount of money on floring (so spent on acquiring). Lived there for 5 years. Then rented for approximately 3 years before sale. Can I claim CGT relief on money spent on flooring. Intention was never to rent the house but it didn't sell in 2018 despite being on market. Sold recently. 

Most of the other cases/examples I see on internet are of cases when flooring was done while property was on rent or propert was bought to let from the beginning.

  Our flooring expenses were to acquire an inhabitable property. That is the way I see anyway. 

Can anyone please advice on how HMRC interpret these?

Replies (7)

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By David Ex
01st Jul 2021 13:45

I think the answer’s yes if I understand the question but “Our flooring expenses were to acquire an inhabitable property” confused me a bit.

Presume you are aware of the CGT reporting requirements which may or may not be relevant to your circumstances.

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Replying to David Ex:
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By David Ex
01st Jul 2021 15:16

David Ex wrote:

I think the answer’s yes.

I may have been a bit hasty. I can see the argument against. However, I think the facts could tip it.

I suppose the killer would be “for the purpose of enhancing the value of the asset” which it probably wasn’t.

https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg15180

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By Wanderer
01st Jul 2021 13:53

Orangejelly wrote:

Spent good amount of money on floring (so spent on acquiring).

Say what? Or are you introducing terms to convince yourself?
Acquisition costs are narrowly defined:-
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg15250
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By Bobbo
01st Jul 2021 14:36

Did this newly built house not have any floors when you bought it ?

Or did you replace the, perfectly functional, flooring because it wasn't to your taste?

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By ireallyshouldknowthisbut
01st Jul 2021 15:03

its probably a repair in your ownership so a tax nothing unless you unusually bought it with bare concrete floors when there might be some merit in your claim for fixed flooring. Eg tiling or putting in polished floor boards could at a stretch be capital, but its an unusual claim, essentially saying the house was not finished properly for habitation when you took the keys.

If you replaced the cheap developer carpets with nicer ones, forget it. Ditto replacing some bargain basement lino with say some tiles. Its a repair.

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Replying to ireallyshouldknowthisbut:
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By David Ex
01st Jul 2021 15:41

ireallyshouldknowthisbut wrote:

essentially saying the house was not finished properly for habitation when you took the keys.

So an average new build then!!

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paddle steamer
By DJKL
01st Jul 2021 20:47

What type of flooring was it? How affixed?

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