Moving house legal fees
kelsmick
Registered Posts: 89
I hope you are all well.
I am looking for a bit of advice. I am doing a self-assessment for a sole trader client and she is asking about claiming back part of her legal fees for moving house and I'm unsure if this would be allowable or not. She is a dog groomer and in her previous house had the garage converted into her dog salon so when they moved she converted the garage of the new house into her dog salon as well so part of the old house and the new house has always been part of the business.
Has anyone come across this before? Would any of the solicitor fees, stamp duty etc be able to be apportioned into the business?
Thanks in advance,
Kelsey
www.essencebookkeeping.co.uk
0
Comments
-
Legal fees, stamp duty etc.. are capital costs so no not deductible from her trade profits.
If part of her old house was used for business she may be liable for CGT.
Costs of converting her garage are also capital costs.1
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 328 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 57 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 203 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 584 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership