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Tax Advice

manunot · 2014-03-19 20:13:45

I am in the process of selling a property which I recently renovated.The property had been badly damaged but thankfully was covered by insurance and using the insurance money I was able to make the property habitable again. My question is can I offset this renovation cost against my capital gains tax liabilities,even…

19-03-2014 8:13pm

#1

manunot

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Join Date: March 2014

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I am in the process of selling a property which I recently renovated.The property had been badly damaged but thankfully was covered by insurance and using the insurance money I was able to make the property habitable again. My question is can I offset this renovation cost against my capital gains tax liabilities,even though the money was from the insurance claim?

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