Selling Rental Property - Can you claim for estate agent or solictors fees?

[Landlady3]

We have sold our rental property and closed the business.

I am unclear if we are we able to account for the estate agent and solictors fees in our self assessment?

From my understanding it goes in the capital costs section?

However we paid some estate agents fees in 2013-14 but disposed of the asset in 2014-2015 where the remainder of the fees were paid.

How do you put this on the tax form?

[King_Maker]

Yes - such expenses should be included in your CGT calculation (which needs to be attached to your Tax Return) and the allowable costs on the CGT summary pages.

[Landlady3]

What do you do if the costs are incurred over two seperate tax years though?

[jpkeates]

It doesn't matter when the costs were incurred.

CGT is due on disposal and is calculated as the entire proceeds less all costs associated with the sale less original purchase cost and associated costs of purchase less any improvement costs over the entire period of ownership
.