Property purchase costs
Offer on a BTL property accepted & agreed.
Legal costs approx. £ 300 before sale fell through.
Can this loss be offset / claimed as a business related cost ?
Tax deductible or not ?
Note - Check your Leases / ground rent doubling issues etc. at outset and get the answers asap otherwise pay the price ;-) Estate Agents will plead ignorant until solicitor highlights basic issues that any decent LL selling a property knows at the outset.
Buyer beware - I thought I was but crystal ball had a malfunction !
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