I would appreciate advice from any accountants please.
My husband and I are private landlords with one flat which we rent out. During the 17/18 tax year, we purchased a share of the freehold. Can we include the amount paid for the share of the freehold as a tax deductible expense on the tax return or is it classified as a capital gain?
Can the separate legal and surveying fees paid be considered a tax deductable expense?
We do the self assessment return ourselves and I have tried searching online for the answers to no avail. Any advice would be much appreciated.