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Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 13975
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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is spending £1000 fencing an asset for partial sale namely

Customer Question

is spending £1000 fencing an asset for partial sale namely a field an allowable cost against the sale
Submitted: 3 years ago.
Category: Tax
Expert:  Sam replied 3 years ago.
Hi


Thanks for your question, I am Sam and I am one of the UK tax experts.

As this relates to a field, then I am afraid the answer is no, as this merely would create the boundary - rather than improve the value of the asset.

I am sorry the news is not more favourable.

Thanks

Sam

Expert:  Sam replied 3 years ago.
Hi David

Did you require any further assistance with the capital gain position on the land sale?

Thanks

Sam