Deductible expenses and costs to help you reduce Capital Gains Tax CGT when selling UK residential property buy to lets or homes March 27, 2024

Deductible expenses and costs play a crucial role in reducing Capital Gains Tax (CGT) when selling UK residential buy-to-let properties or homes. These expenses include allowable costs incurred during the ownership of the property, such as maintenance and repair expenses, legal fees, and estate agent fees. By accurately documenting and deducting these expenses from the property’s sale proceeds, sellers can minimize their CGT liability, maximizing their net proceeds from the sale.