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Just bought 2 new build flats & will let out . can you claim all the costs of buying the place ie sols fees ,search fees,bank transfer costs,,bankruptcy searchs,land registry fees etc etc when you do the yearly accounts.

have 2 places already let but never bought from new always moved then let old house.


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Hi dmm

The costs involved in purchasing the house, for example solicitors fees, stamp duty, searches etc cannot be claimed in the year accounts. These costs are taken in to account in reducing the capital gain should you sell the property

I hope this helps



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No, the costs reduce the calculated gain, effectively:

Proceeds (less costs of sale)

Less: Purchase (plus costs of purch**)

Less Indexation (if any)

Less: Exemptions (PPR. Lettings Relief etc)

Less Taper Relief

Less Annual Exemption (if not used already)

Balance at tax rate

**this being your original purchase costs - stamp duty, solicitors fees etc

I hope this clears matters up for you



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