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Legal fees re leases - tax deductibility

Tax deductibility of legal costs re leases

I recall that a landlord's legal fees for the initial setting up of a lease are not income tax deductible (unless the lease is for less than a year).  If the property is subsequently sold - my query is whether such costs - which were disallowed for income tax - are deductible in calculating a taxable capital gain?

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20th Oct 2018 21:24

No.

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By Ruddles
to Tax Dragon
20th Oct 2018 21:33

+1

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