You can't recover stamp duty fees – they aren't tax deductible. However, if it's an investment property, you can offset the stamp duty against Capital Gains Tax (CGT) if you sell the property at a profit.Keep Learning with QuickBooks Access more informative articles from the QuickBooks Bl...
Long-term gains on stock instruments purchased before the 31st of January 2018 will be calculated in line with this ‘grand-fathering rule’. Loss From Equity Shares A Capital Gain is taxed under the Capital Gains Tax (CGT). If you sell your equity shares within twelve months of their ...
Home office expenses enable self-employed business owners to claim a tax deduction from their annual tax returns for house expenses such as property taxes and mortgage interests. The house expenses can also include additional running costs ranging from an internet subscription to electricity bills. Mos...