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UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Law
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Experience:  English solicitor with over 12 years experience
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I am selling a property which I have been renting out, I paid

Resolved Question:

I am selling a property which I have been renting out, I paid the previous tenant £45,000 to vacate the house as I needed it back. Can I set off the £45,000 against any capital gain tax from the sale.
John Maitland
Submitted: 3 years ago.
Category: Law
Expert:  UKSolicitorJA replied 3 years ago.
Hello John ,
In my opinion, you cannot offset the £45K payment as it was not incurred in buying, selling or improving your property but paid to a tenant to vacate the property.
You could have sold the property without getting the tenant to vacate it.
Sorry, it is not the answer you may wish to hear but I can only advise you truthfully.
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