C2.208 Incidental costs of acquisition and disposal
On a disposal, the disponor may deduct the incidental costs of acquiring the asset which is the subject of the disposal1, together with the incidental costs to him of making the disposal2.
The incidental costs which may be deducted are limited to expenditure wholly and exclusively incurred by the disponor for the purposes of the acquisition or the disposal, being fees, commission or remuneration paid for the professional services of any surveyor or valuer, auctioneer, accountant, agent or legal adviser, and costs of transfer or conveyance (including stamp duty and stamp duty land tax), together with:
(a) in the case of the acquisition of an asset, the costs of advertising to find a seller, and
(b) in the case of a disposal, the costs of advertising to find a buyer and costs reasonably incurred in making any valuation or apportionment required for the purposes of the computation, including in particular expenses reasonably incurred in ascertaining market value where required by TCGA 19923
It has been held4 that the costs of making a valuation which may be deducted under (b) above are limited to those the taxpayer incurred in complying with his obligations concerning
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