When calculating the gam chargeable to tax on the disposal of a building, which of...

CIMA F1 Question Answer

When calculating the gam chargeable to tax on the disposal of a building, which of the following would NOT be an allowable deduction?

Interest on a loan that was used to assist with its original purchase.

Costs of constructing an extension to the building.

Legal fees arising on the original purchase of the building.

Estate agent's fee payable on its sale.

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