AJinOZ Posted June 3, 2023 Share Posted June 3, 2023 Hi, we just sold our buy-to-let property in the UK. Unfortunately, it took us a while and whilst it was up for sale, our tenant moved out. So for several months before completion, the place was empty and but we still had to pay the mortgage, rates, insurance etc. When looking at the capital gains tax calculator for our CGT return in the UK, there doesn't seem to be an option to claim those costs. Does anyone know if we could claim any of that? Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted June 5, 2023 Share Posted June 5, 2023 On 03/06/2023 at 16:53, AJinOZ said: Hi, we just sold our buy-to-let property in the UK. Unfortunately, it took us a while and whilst it was up for sale, our tenant moved out. So for several months before completion, the place was empty and but we still had to pay the mortgage, rates, insurance etc. When looking at the capital gains tax calculator for our CGT return in the UK, there doesn't seem to be an option to claim those costs. Does anyone know if we could claim any of that? Likely they can be claimed as part of the cost base when the capital gains tax position is calculated in Australia - but not in the UK. Feel able to ping an email to me (see below - use the bdh Tax address) if you'd like to have a chat. Best regards. Quote Link to comment Share on other sites More sharing options...
AJinOZ Posted June 5, 2023 Author Share Posted June 5, 2023 Thank you! Quote Link to comment Share on other sites More sharing options...
Alan Collett Posted June 5, 2023 Share Posted June 5, 2023 https://www.ato.gov.au/Forms/Guide-to-capital-gains-tax-2022/?anchor=What_is_cost_base#thirdelement For reference ... Best regards. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.