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CGT Allowable Expenses

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  • 29-09-2020 7:49pm
    #1
    Taylor365
    Registered Users Posts: 2,994 ✭✭✭


    Quick one, from Revenue's site:

    What are ‘allowable expenses’?

    They are costs that you can deduct from the sale price to work out your chargeable gain. These can be:
    • any money spent by you which adds value to the asset (known as ‘enhancement expenditure’)
    • costs (for example, fees paid by you to a solicitor or auctioneer) when you acquired and disposed of the asset.


    Although not explicitly stated above, are broker fees/exchange charges allowable expenses?


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    #2
    homer911
    Registered Users Posts: 5,113 ✭✭✭homer911


    Yes


  • Options
    #3
    Taylor365
    Registered Users Posts: 2,994 ✭✭✭Taylor365


    homer911 wrote: »
    Yes
    Are they the fees incurred in that year?


    Or


    Are they fees incurred on that specific stock? (buy and sell transactions over multiple years)


  • Options
    #4
    Taylor365
    Registered Users Posts: 2,994 ✭✭✭Taylor365


    Anyone answer the above?


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