CGT Allowable expenses on a sale


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    Profile photo of Anonymous

    I suffered on buying with an estate agent who charged me monies for a Reservation Contract an amount the ‘vendors’ were said to have asked for but in fact never did. As I paid this amount foolishly by transfer I have proof that I paid it and a copy of the agents request. Can this money be claimed on a sale as an allowable expense for CGT purposes ?. Or can one only claim the monies paid for the purchase of the property that is recorded by the notary plus plus any money you actually spend on improvements. I am not proposing to sell at the present time but am researching also whether to put it in to a UK limited company to avoid Spanish Inheritence taxes. One can do this with a lawyer or some specialist companies like Winchams and is completely legal.

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