Can I deduct estate agent fees from Capital Gains Tax?

Yes. Estate agent fees are one of the allowable costs you can deduct when calculating your capital gain, which directly reduces the amount of tax you owe.

Here's what you can deduct from the sale price:

• Estate agent or auctioneer fees
• Solicitor or conveyancer fees on the sale
• Any advertising costs related to the sale

You can also deduct costs from the original purchase:

• The price you paid for the property
• Solicitor and surveyor fees at the time of purchase
• Stamp Duty Land Tax paid when you bought it
• The cost of any capital improvements made during your ownership, such as an extension or loft conversion

General maintenance and repairs don't count as improvements and can't be deducted.

Getting these deductions right can make a significant difference to your bill. If you're unsure what qualifies, message us on live chat.