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Ask Your Own Question, Chartered Certified Accountant
Category: UK Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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Is the purchase price of an extended lease on a second home

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Is the purchase price of an extended lease on a second home an allowable set-off against any capital gains tax that becomes payable when the property is sold?
Hello and welcome to the site. Thank you for your question.

It is a capital cost and you add it to your original cost when working out your capital gain at the point of sale.

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