A client had purchased an investment property which had a single occupancy and rented the property. The owner had considered putting a second building on the site to make it a dual occupancy property in late 2017. Initial architecture costs were incurred to have some plans drawn up . A decision was made not to proceed with developing the property. In 2024 the property was sold. Are the costs incurred for having initial plans drawn up for the second occupancy added to the cost base for CGT purposes or are they just "lost".
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450 views
1 replies