Will I be able to pay less capital gains tax on my new self build?

25 March 2023
by Shaun Curtis

I parcelled off some of the land my house was built on for a self build and then sold my old house. This reduced the sale price of the old house by £70,000. I then built a house on the remaining land I kept. Can I deduct the £70k loss as an expense when sellIng the new house to reduce the capital gains tax owed?

Thanks

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